Markets reached new highs in the first half of 2026, but beneath the surface, major shifts are underway. From changing leadership in the AI trade to a historic wave of potential IPOs and a new era at the Federal Reserve, this quarter’s Market Pulse explores the forces that could shape the second half of the year.

Markets don’t always move in step with the headlines. This quarter’s update looks at recent volatility, rapid recoveries, and why disciplined investors should stay focused on long-term perspective instead of short-term noise.