In this quarter’s investment strategy video, "Assessing the Shocks," George Hosfield, CFA, explores how the market has developed in 2026 due to factors such as interest rates and inflation.

Aside from the three-week extension of a brittle ceasefire in the Middle East, the news this week was focused on SpaceX’s pre-IPO filings, Kevin Warsh’s Congressional testimony, and blowout earnings among semiconductor companies.

Fifty years is a long time for a company to stay in business. For those in the technology industry, it’s an eternity. Entire categories have been born, scaled, and rendered obsolete in less than a decade.