Commentary

Third Quarter 2026 Quarterly Market Update

Fidelity's Asset Allocation Research Team (AART) examines themes in global financial markets and presents its investment outlook in this Q2 2026 quarterly market update.

Key Takeaways

Markets: Stocks rebounded as energy-related geopolitical risks eased and AI-driven growth broadened.
Economy: U.S. and global growth remained resilient, supported by improving labor markets and expanding business activity.
Investments: Technology, small caps, and emerging markets led returns, while bonds continued to offer attractive income.
Valuations: Higher yields have improved bond attractiveness, while non-U.S. equities remain relatively attractive versus premium-priced U.S. stocks.

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Third Quarter 2026 Quarterly Market Update

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Quarterly Market Update

Fidelity's Asset Allocation Research Team (AART) examines major themes in the global financial markets and presents its investment outlook for the quarter.

Second Quarter 2026 Quarterly Market Update

Fidelity's Asset Allocation Research Team (AART) examines themes in global financial markets and presents its investment outlook in this Q2 2026 quarterly market update.

Second Quarter 2026 Quarterly Business Cycle Update

Geopolitical risk rises, but global economy remains in expansion

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