High Frequency Monitor: Spooked by clashes and issuance

Research evidence excerpt

High Frequency Monitor: Spooked by clashes and issuance

Accessible version

High Frequency Monitor

Spooked by clashes and issuance

Global equities fell on new clashes and potential issuance 09 June 2026

Global equity markets fell -2.2% last week as clashes in the Middle East sparked higher Quant Strategy

oil prices, and significant quantity of potential AI-related equity issuance spooked some Global

investors. Nonetheless, the Global Earnings Revision Ratio was unchanged, and the

Global News Pulse moderated only slightly from 47% to 46%. All major regions posted

negative returns last week, and the worst performing region was the US (-2.5%). Among

global sectors, Energy (+1.8%), Health Care (+0.9%), and Banks (+0.6%) performed best,

while Software (-5.8%) and Semis (-5.0%`) fell the most. Despite volatility in sentiment, Nigel Tupper >>

Quant Strategist

the strong global earnings cycle remains supportive of global equity markets. Merrill Lynch (Australia)

+61 2 9226 5735

Worst performing themes: Space, Gold, Energy Storage nigel.tupper@bofa.com Amar Vashi >>

Among the 12 themes we monitor, the worst performers last week were Space (-15.2%), Quant Strategist

Gold (-8.2%), and Energy Storage (-7.4%). Triple Momentum (earnings, price, news) is Merrill Lynch (Australia) amar.vashi@bofa.com

strongest for AI and Gold, and weakest for SaaS and Luxury Lifestyle. Sumuhan Shanmugalingam >>

Positive Triple Momentum: Tech Hardware, Semis, Energy Merrillsumuhan.shanmugalingam@bofa.comLynch (Australia)

By global sector, Triple Momentum remains strongest for Tech Hardware, Semis, and

Energy. Among large and liquid stocks globally (min $20bn market cap and $20mn

ADTV), the Triple Momentum Rank is highest for Kioxia, Renesas Electronics, Yageo