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Real Resilience in An Artificial Age |
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By Michael Lai
Wealth Advisory
OCBC Bank, Malaysia
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Highlights This Month |
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| Wealth Insights |
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| Healthy bull market to digest gains |
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| As we head into the second half, peace talks between the US and Iran augurs well for the investment outlook. While the long-term bull market remains largely intact, in the near-term it could a breather to digest the sharp gains made since late March. - Eli Lee, Chief Investment Strategist, Bank of Singapore |
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| Find out more |
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| Global Outlook |
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| Growth likely to remain resilient |
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| US growth has remained surprisingly resilient, supported by strong AI-related investment and the unwinding of Liberation Day tariffs. – Selena Ling, Chief Economist & Head, OCBC Group Research |
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| Find out more |
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| Equities |
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| Moderately constructive stance for equities |
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| For the second half of 2026, we advocate a moderately constructive stance in equities, with an overweight position on US, underweight position on Europe and neutral stance for the remaining regions. – Eli Lee, Managing Director, Chief Investment Strategist, Bank of Singapore |
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| Find out more |
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| Bonds |
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| A game of carry |
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| Rates volatility and dispersion should continue to be key themes in the second half of 2026. We continue to favour high-quality credits and stay neutral on portfolio duration. – Eli Lee, Managing Director, Chief Investment Strategist, Bank of Singapore |
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| Find out more |
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| FX/Commodities |
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| Gold forecast lowered |
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| We lower our gold and silver forecasts to reflect a tougher near-term macro setup, while keeping a mild upward-sloping path as the medium-term case remains intact. - Christopher Wong, Executive Director, OCBC Group Research |
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| Find out more |
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For more information, please contact your Relationship Manager |
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- Any opinions or views expressed in this material are those of the author and third parties identified, and not those of OCBC Bank (Malaysia) Berhad (“OCBC Bank”, which expression shall include OCBC Bank’s related companies or affiliates).
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| OCBC Bank (Malaysia) Berhad 199401009721 (295400-W) |
| OCBC Al-Amin Bank Berhad 200801017151 (818444-T) |
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