2026 Mid-Year Outlook: A Soft Landing Meets a Broader Market
It offers one manager's framing of the broadening-versus-concentration debate and where the 10-year yield sits relative to front-end expectations, which advisors can weigh against other outlooks they hold for clients.
Summary
By the markets & outlook deskProShares' mid-year outlook video has its team assess the second half of 2026, arguing the soft landing remains intact on solid growth, lower inflation and reasonable unemployment. It notes that market leadership has broadened, with equal-weight S&P 500 and Nasdaq-100 outperforming their cap-weighted versions and small- and mid-caps ahead of the S&P 500 back to April 2025, even as the front end of the yield curve prices the possibility of hikes rather than cuts.
- The team describes the soft landing as intact, citing solid growth, inflation well below peak and reasonable unemployment
- Front-end yields now point to possible rate hikes, while 10-year Treasury yields remain in check
- Equal-weight S&P 500 and equal-weight Nasdaq-100 have outperformed their market-cap-weighted counterparts
- Small- and mid-cap stocks have outpaced the S&P 500 year-to-date and since April 2025
Similar items
Same topic
Get the weekly 3 to watch
Free, in the Morning BriefEvery week the Morning Brief picks three videos and podcasts worth your time, with why each one matters.
Free. Every morning. Unsubscribe from any edition in one click.
Videos and podcasts are embedded from their publishers. Selections and summaries are editorial and are not investment advice.