Week of May 18, 2026
Recent geopolitical developments appear to have modestly improved the global investment backdrop. Market sentiment has strengthened following indications of constructive dialogue between President Trump and President Xi Jinping, alongside renewed signals from President Putin suggesting interest in ending the Ukraine conflict. Equity markets have continued to firm, with investors likely having anticipated portions of these developments in recent trading activity. Our Signals remain unchanged.
Bob Bilkie, CFA
