Investment Insights – May 2026
We’re pleased to share the latest edition of our Investment Insights report, highlighting the key trends shaping markets and portfolios.
This month’s key takeaways:
- Market rebound: Global equities rebounded strongly in April, led by US technology and emerging markets, while the ASX lagged.
- Geopolitics and inflation: Higher energy prices and ongoing tensions are adding to inflation pressure and influencing central bank policy.
- AI investment cycle: Artificial intelligence continues to support investment, productivity and earnings, despite rising questions around the pace of spending.
- Australia in focus: Australia remains more nuanced, with rates rising while other economies move towards easing, and household spending holding up despite weak consumer sentiment.
We hope you find this update useful. As always, if you would like to discuss how these themes relate to your portfolio, please feel free to get in touch.
Warm regards,
Mackay Private Wealth
General Advice Warning: Any comments in this communication do not consider your objectives, financial situation or needs. Before acting on any general advice, consider whether it is appropriate for you.