07/02/2026
Pincus Perspectives – Q2 2026 is here!
Global markets closed the quarter near all‑time highs, powered by the continued momentum of the AI trade. Despite geopolitical uncertainty, investor confidence remained strong as technology, memory‑chip demand, and forward‑looking economic indicators shaped the landscape.
Here’s a quick look at what we’re watching:
• Markets rebounded sharply following early‑year volatility
• AI‑related companies continue to drive equity performance
• Commodities retreated as oil prices normalized
• Precious metals softened amid a strong dollar and elevated rates
• Crypto markets saw capital rotation toward AI
• CPI trends and the August inflation print remain critical
• Mortgage rates climbed following the Iran War, affecting housing activity
• Chairman Kevin Warsh reaffirmed the Fed’s commitment to price stability
• We hosted our 11th annual Customer Appreciation Day—thank you to our amazing clients! (image shows client gifts)
Our full quarterly commentary includes deeper insights into macro trends, portfolio considerations, and the factors we believe will influence markets through the remainder of 2026.
To learn more about GA Pincus Funds and our approach to active portfolio management powered by our proprietary GAPTrader platform, visit gapincusfunds.com or reach out directly. We always appreciate referrals and the opportunity to work with new families.
