AI Enthusiasm Leaves Little Margin for Error

Published on July 7, 2026

Global equities rebounded in the second quarter as confidence in the AI investment cycle strengthened. As the third quarter begins, we believe markets have become priced for a smooth and profitable AI build-out, leaving little margin for error. June’s sharp sell-off in the Magnificent Seven stocks underscored how quickly sentiment can shift when crowded AI trades are priced for near-flawless execution.

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WASHINGTON – The U.S. Department of Labor today announced the award of nearly $162 million through five cooperative agreements to expand Registered Apprenticeship in the occupations critical for the administration’s reindustrialization agenda. The department’s Employment and Training Administration will administer the five Pay-for-Performance Incentive Payments Program cooperative agreements with