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H1 2026 - Investment Portfolio Cockpit Report

It is time to read your instruments if you want to control the flight. This report shows how the main markets behaved through the first half of 2026, across assets, sectors, countries and currencies, and where rates and credit now stand against their own history. The seven classic model portfolios sit alongside as reference instruments, all read on the back of the events that shaped the period. An examination, not a recommendation.

By Jonathan Castella, CFA · July 2026

Disclaimer

Nothing in this report is a recommendation, a solicitation, or an offer to buy or sell any security, fund, strategy, or other financial instrument. It is purely informational and educational content. The seven model portfolios are not recommendations. Their role is to act as references, showing how classic passive strategies behaved over the period examined.

Every figure is sourced and dated, and returns are total returns drawn from public market data. Past results are no guarantee of future results, and how any strategy behaved in one period says little about the next. Readers remain responsible for their own decisions and should verify independently, or consult a qualified adviser, before acting. This report is prepared with the help of an AI assistant under the editor's supervision, with every empirical claim resting on public, cited sources.