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We think a transformation akin to past technological revolutions is gearing up. We keep leaning into risk and the AI theme while upgrading UK stocks.
U.S. stocks hit a new record high last week while 10-year Treasury yields fell. Volatility in small cap and tech shares shows markets can quickly get choppy.
We expect the European Central Bank to hold policy rates steady this week. The ECB may cut rates in September, but we don’t see a typical easing cycle ahead.
Transcript
We think the world could be undergoing a transformation on par with past technological revolutions....