Report published July 23, 2026
Up & Adam: Global Economic Risks, Consumer Resilience, and AI Market Trends (July 23, 2026)
Raymond James · July 23, 2026
This report highlights rising market volatility driven by geopolitical conflict and policy uncertainty, while noting resilience in consumer spending and strength in AI-related tech sector earnings.
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Finvaulta summarizes Raymond James's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.World Bank warns that the ongoing Iran conflict may drive global GDP growth as low as 1.3%.
- 2.Consumer spending remains resilient despite inflation, evidenced by record purchase volumes from Synchrony and Capital One.
- 3.Rising policy uncertainty, linked to geopolitical conflict and midterm elections, is expected to increase market volatility.
Table of Contents
- Previous Close
- Today's Events
- As Iran Conflict Drags On, World Bank Warns Of Worst-Case Scenario
- Despite Inflationary Pressures, Credit Card Companies Point To Strength In Consumer Spending
- Next Week's Fed Meeting (7/28-7/29) Is Back In Focus As 2-Year Treasury Yield Closes At 17-Month High
- Alphabet Kicks Off Mega-Cap Earnings On A Strong Note
- Rising Policy Uncertainty—Not Solely Due To Iran—May Lead To Increased Volatility
- Sector Performance
Report data
Chart of the Day: Policy Uncertainty On The Rise — as of July 22, 2026.
| Metric | Estimate | Context |
|---|---|---|
| Global GDP Growth | 2.5% | Base case forecast |
| Hyperscaler Capex | 760 billion | Consensus forecast |
Reports in this series
Up & Adam is shown in chronological order through this edition, published on July 23, 2026.
Part of the Up & Adam series — view all 19 editions
- Jun 29Up and Adam
- Jul 13Up and Adam
- Jul 21Up and Adam
- Jul 22Up and Adam
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