RBC Global Insight - 2026 Midyear Outlook

Financial markets need the reopening of the Strait of Hormuz. This would permit inflation to subside, keep bond yields in check, head off a renewed central bank tightening cycle, and improve the prospects for corporate earnings.

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The Vicic Wealth Management Team

June 14, 2026

Full report: Global Insight

Near term (next 12 months), financial markets need commodity shipments to normalize, allowing earnings to arrive on schedule. Longer term (next few decades), there are powerful, predictable forces at work that can be profitably put to work in portfolios.