Global X ETFs 3.74K Followers

Summary

Investor sentiment waned through the summer as market breadth narrowed despite otherwise positive economic and corporate signals.

The setup for Q3 earnings remains attractive, but market performance likely hinges on the sustainability of the AI capex cycle.

Many of the themes that have experienced the sharpest drawdowns in 2026 have also seen the largest earnings revisions, potentially creating attractive entry points.

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For a market delivering record mid-cycle earnings growth, the apathy and indifference seem palpable. We hear anecdotal stories of allocators neutralizing equity overweights, adding duration, and looking for strategies to increase diversification. While these are perfectly reasonable risk management

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Global X ETFs 3.74K Followers

Founded in 2008, Global X is a sponsor of exchange-traded funds (ETFs). We are distinguished by our Thematic Growth, Income, and International ETFs.…