Month: October 2026

Market Update: Back to narrowing market breadth

Global equities struggled somewhat last week. US tech stocks are roughly where they were last Friday – but many others took a hit. Markets see AI-fuelled growth as too strong, raising interest rate pressures for the rest of the economy. But last week, those pressures came back to bite the AI leaders themselves. Today’s lower-than-expected US employment figure eased concerns about an overheating economy, at least. As such, strong earnings growth should still be enough to buoy markets over the coming weeks.