May 2026 Market Commentary

Global stock markets hit record highs in May 2026 even as the Strait of Hormuz remains closed. We explain the earnings story driving the rally, the pressure on UK gilts, and what it all means for investors.

Global stock markets hit record highs in May 2026 even as the Strait of Hormuz remains closed. We explain the earnings story driving the rally, the pressure on UK gilts, and what it all means for investors.