This chart shows a market rotation away from the technology and communications services sectors towards more defensive parts of the market like healthcare, utilities and consumer staples, with the S&P 500 aggregate broadly stable.
Source: Bloomberg
 This chart shows a renewed spike in global oil prices over recent weeks back towards 2026 highs. Past performance does not guarantee future results.
Source: Bloomberg
 This chart shows that the market pricing for an interest rate hike at the Fed's October meeting has fallen from around a 70% chance in September to less than 10% now.
Source: Bloomberg
 This chart shows that the price of credit default swaps - a financial instrument to protect against bond defaults - have spiked on the debt of U.S. hyperscalers this year. Past performance does not guarantee future results.
Source: Bloomberg
 This chart shows that the share of leveraged ETFs that contain a single stock has risen by 12 percentage points since 2024 to reach 28% in 2026.
Source: IMF

Important Information:

The Weekly Market Update is published every Friday, after market close. 

This is for informational purposes only and should not be interpreted as specific investment advice. Investors should make investment decisions based on their unique investment objectives and financial situation. While the information is believed to be accurate, it is not guaranteed and is subject to change without notice.

Investors should understand the risks involved in owning investments, including interest rate risk, credit risk and market risk. The value of investments fluctuates and investors can lose some or all of their principal.

Past performance does not guarantee future results.

Market indexes are unmanaged and cannot be invested into directly and are not meant to depict an actual investment.

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Systematic investing does not guarantee a profit or protect against loss. Investors should consider their willingness to keep investing when share prices are declining.

Dividends may be increased, decreased or eliminated at any time without notice.

Special risks are inherent in international investing, including those related to currency fluctuations and foreign political and economic events.

Before investing in bonds, you should understand the risks involved, including credit risk and market risk. Bond investments are also subject to interest rate risk such that when interest rates rise, the prices of bonds can decrease, and the investor can lose principal value if the investment is sold prior to maturity.