Updating Estimates Following 2Q26 Indicators Release

Research evidence excerpt

Updating Estimates Following 2Q26 Indicators Release

forecasts are as of the date of this report and subject to change without prior notification. We seek to update

our materials as appropriate, but at times, there may be various regulations that prevent us from doing so. Macro commentaries are published at irregular intervals as

appropriate in the author’s judgement.

Historical information regarding performance is not indicative of future results and investors should understand that statements regarding future prospects may not be

realized. All investments entail risk, including potential loss of principal invested. Performance analysis is based on certain assumptions, the results of which may vary

significantly depending on the modelling inputs assumed.

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