Muni Monthly: June 2026

Published on July 23, 2026

In June, market news continued to be dominated by the Middle East conflict as frequent flare-ups in hostilities gave way to repeated ceasefire efforts and the signing of a high-level memorandum of understanding between the US and Iran.

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Middle East Risks Back In Focus

July 23, 2026
Lock, stock and barrel, a British phrase, originally referred to the three essential components of a firearm. Over time, it evolved into shorthand for the whole package. When tensions flare in the Middle East, the global economy often feels the consequences lock, stock and barrel.

Market Broadening Gains Momentum as AI Uncertainty Grows

July 23, 2026
The prime culprit was renewed questioning of the artificial intelligence (AI) buildout given the increasing amount of capital investment needed to bring it to life and the corresponding costs for those who use the technology weighed against its potential productivity benefits.