Week of June 15, 2026
Two issues currently confront the capital markets. In the near term, investors remain focused on the peace agreement with Iran. Will Iran honor the agreement to the satisfaction of the opposing parties to the agreement? Any break from the region’s historical pattern of instability would represent a meaningful step toward greater global stability and support the normalization of energy production. Combined with continued advances in artificial intelligence, a more stable energy environment could exert meaningful deflationary pressure on the global economy over time. Our Signals remain unchanged.
Bob Bilkie, CFA
