Equities update at mid-year: What drove the recent rally and what’s next?

About this episode

The episode discusses the recent rally in equities and the factors driving it, along with the near-term outlook for the market.

Equities have been on a remarkable run — join members of J.P. Morgan's Data Assets and Alpha Group to dig into what’s been behind this outperformance. Eloise Goulder, head of the group, and product specialist Edwina Lowe break down the forces lifting markets, from resilient growth and strong earnings to the sheer scale of AI capex and rising valuations. We then hear from John Schlegel, global head of Positioning Intelligence, and Drew Tyler, global head of Market Intelligence, who explore the near-term outlook for equities — weighing inflation and rates risk, seasonality and positioning across regions. This episode was recorded on June 1 and June 9, 2026. The podcast's views do not necessarily reflect those of J.P. Morgan Chase & Co or its affiliates (together “J.P. Morgan) and are not from J.P. Morgan’s Research Department. They do not constitute recommendations or offers to buy or sell securities. Intended for institutional and professional investors, not retail use, it is for informational purposes only. Products and services mentioned may not suit all investors or be available in all jurisdictions. J.P. Morgan may make markets and trade in discussed securities and asset…

People in this episode

Guests: Eloise Goulder, Edwina Lowe, John Schlegel, Drew Tyler

Topics covered

• equities
• market rally
• AI capex
• inflation risk
• earnings growth
• investment outlook

Keywords

• equities
• market performance
• AI investment
• inflation
• earnings
• market intelligence

Mentioned in this episode

Organizations: J.P. Morgan

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