Insights & Resources

Markets entered 2026 carrying elevated valuations and narrowing breadth. The Iran conflict accelerated a correction already underway, while AI enthusiasm gave way to harder questions about earnings delivery. A ceasefire rally in early April has improved the picture, but conviction remains unproven.

For cross-border investors managing wealth between the UK and US, this period highlighted both the challenges and opportunities inherent in navigating divergent monetary policies and currency movements. Regional performance differences created distinct investment themes that required careful analysis and positioning.