Rotation away from large-cap tech accelerates By Shaan Raithatha, Vanguard Senior Economist Markets and economy Why the AI winners are no longer just the Magnificent Seven The “Magnificent Seven,” the large-cap tech companies that have been the darlings of the U.S. stock market for so long, underperformed in the first half of 2026. While…
Our investment and economic outlook, July 2026 By Vanguard Markets and economy Our latest forecasts for investment returns and region-by-region economic outlook Our economic outlook for Australia Rate hike on hold, but a hawkish bias remains “The combination of still-elevated inflation and weakening economic activity argues for patience rather than an immediate policy…
AI and jobs: Still in an ATM phase By Adam Schickling, Vanguard Senior Economist Markets and economy AI may change jobs, but history suggests mass job losses are unlikely Every wave of technological change seems to arrive with a familiar prediction: This time, jobs are going away for good. The effect of automated teller…