Bloomberg, BlackRock, as of 6/26/2026. Earnings as represented by S&P 500 Index net income, weight as represented by constituent weight in S&P 500 Index. AI companies were identified using an objective holdings-based screen: S&P 500 constituents were classified as ‘AI’ if, as of 5/19/2025, they were held in at least one of the five largest (by AUM) U.S.-listed AI-themed ETFs, selected based on stated AI-focused investment objectives/strategy. The resulting AI basket includes 51 S&P 500 companies. Non-AI represents the S&P 500 excluding those AI-classified constituents. ETF selection and constituent classification are rules-based and do not reflect BlackRock’s view of any company’s current or future AI revenue, business exposure, or prospects.
Our latest client polling found 53% of respondents are bullish, rebounding from the April low. Advisor clients show greatest intent to add to U.S. and international stocks.5
The Magnificent 7 returned just 0.75% in the first half of 2026, compared with a 9.97% gain for the S&P 500, highlighting broader market participation beyond the largest technology companies.6
Corporate earnings are in focus as investors likely look for strong results and guidance to help justify elevated valuations and support broader market leadership beyond AI.
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Inside the Market is BlackRock’s hub for advisors to stay informed with market recaps, actionable investment outlooks and timely webinars to help advisors navigate market volatility, support client conversations and inform portfolio positioning decisions.
Inside the Market is designed for advisors who need timely market context and practical investment perspectives. It helps advisors interpret what’s happening across markets and translate economic and market developments into clear, actionable implications for client portfolios and conversations.
Inside the Market features a mix of recurring updates and market-driven insights, including:
Inside the Market is updated regularly to reflect evolving market conditions:
The hub is designed as a repeat‑visit destination, allowing advisors to quickly scan the latest updates and explore deeper perspectives as conditions change.
Advisors can use Inside the Market to prepare for client conversations and portfolio reviews. Start with the market recap for quick context, use investment outlooks to frame portfolio positioning discussions, turn to webinars for deeper perspective on timely themes and share client-ready resources that provide context on current and historical market trends.
1. U.S. Bureau of Economic Analysis, Personal Consumption Expenditures Price Index Excluding Food and Energy. Data for May 2026 (released 6/25/2026).
2. U.S. Bureau of Economic Analysis, Gross Domestic Product. Data for Q1 2026 (revised 6/25/2026).
3. U.S. Bureau of Labor Statistics, Civilian unemployment rate, seasonally adjusted. Data for June 2026 (released 7/2/26).
4. LSEG Refinitiv, data for Q1 2026 as of 6/5/26. Index performance is for illustrative purposes only. Index performance does not reflect any management fees or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.
5. Client polling conducted by BlackRock Investment and Portfolio Solutions, answers reflecting 1103 unique respondents, as of 7/7/2026.
6. Bloomberg, as of 7/13/2026, S&P 500 Index. Magnificent 7 comprised of Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. Index performance is for illustrative purposes only. Index performance does not reflect any management fees or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained visiting the iShares ETF and BlackRock Mutual Fund prospectus pages. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
This material is provided for educational purposes only and is not intended to constitute investment advice or an investment recommendation within the meaning of federal, state or local law. You are solely responsible for evaluating and acting upon the education and information contained in this material. BlackRock will not be liable for direct or incidental loss resulting from applying any of the information obtained from these materials or from any other source mentioned. BlackRock does not render any legal, tax or accounting advice and the education and information contained in this material should not be construed as such. Please consult with a qualified professional for these types of advice.
This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change.
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