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Investment Weekly

Riding the capex wave
07 August 2026
    Articles

    Chart of the week – Riding the capex wave

    Chart of the week – Riding the capex wave

    Click the image to enlarge

    After a recent wobble, the S&P 500 is back at fresh highs as investors lean into the view that strong earnings can be sustained by the AI investment boom. The question now is whether the fundamentals can keep up with the optimism.

    Market Spotlight

    • Debt that builds

    Lens on..

    • Mind the valuation gap
    • Another yen-tervention
    • Chain reactions

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