06/09/2026
First Quarter Economic Data Is Out – What Does It Imply For Investors?
Key Takeaways
-Growth looks resilient, underpinned by solid consumer spending and booming business investment, particularly around AI related outlays which are contributing meaningfully to growth.
-GDP also reported robust corporate profits, mirroring the signals we see in listed equities. Against this backdrop we remain constructive on stocks, even if returns might be slower and bumpier from here.
-Finally, inflation pressures are uncomfortably hot, and this is not just an energy price story. We remain skeptical that the Fed will hike rates but think that cuts are off the table for now, limiting the scope for further progress in bond markets.
A summary of last week's market highlights and economic news.