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First Eagle Global Fund's Q2 2026 letter reported strong broader market performance, but cited Exxon Mobil and gold bullion as leading detractors. Rising US Treasury yields and dollar strength weighe…
Stocks hit record highs as U.S.-Iran talks raise hopes for Strait of Hormuz reopening, easing energy supply fears. Oil dropped 5%, tech led gains, Treasury yields fell across the curve.
Alger's Q2 2026 letter highlights a 15.2% S&P 500 rally driven by AI optimism and a US-Iran ceasefire, while a hawkish Fed and falling energy prices tempered gains. Silicon Motion (SIMO) was a top co…