This Week in Global Research

The report highlights persistent volatility and AI-driven upside for equity markets, while identifying a 'higher-for-longer' interest rate environment in the US and abroad. Key sector focus remains on infrastructure, data centers, and the energy implications of geopolitical events in the Strait of Hormuz.

Key Takeaways

• 1.S&P 500 year-end target raised to 8000, driven by upside to AI capex forecasts despite persistent volatility.
• 2.US Federal Reserve is no longer expected to cut rates this year, and 10-year Treasury yield forecasts have been raised to 4.40%.
• 3.Ongoing regional disruptions, particularly in the Strait of Hormuz, are pressuring central bank policies globally, necessitating rate hikes in regions like CEEMEA.

Table of Contents

• Macro issues we're watching
• The higher, the going higher, and the staying right where it is-er – focusing in on central bank policy
• June things: the World Cup, the weather, and what’s going on down on the farm
• The important issues our sector analysts are watching
• Also focus on: big projects that aren't data centers
• The Strait of Hormuz is impacting sectors around the world, and other factors are at play, too
• On the road: we checked in on the consumer, software, banks, and energy
• We held our Global Healthcare Conference in Miami this week
• 911 reasons to dig into 1 stock this weekend
• Global Market Intelligence