The S&P 500 was up 15% in the second quarter. Despite this striking Q2 rally,our interactions with clients suggest unease about the bull market’s sustainability. At the beginning of the quarter, the primary preoccupation was the war in Iran’s impact on the economy and financial markets. 

  The Q2 2026 Market Chart Book highlights important economic indicators and market performance across asset classes. This resource offers timely perspective on the current investment environment.

Geopolitical tension, renewed debate over inflation, interest rates and AI gave investors plenty to consider in the first half of 2026. As the second half of the year begins, a perspective from Baird Strategas on key themes for investors to watch.