• American Century flagged Q3 2026 markets as underpricing upside and downside risks, urging active risk management amid elevated volatility.
• Geopolitical tensions seen complicating inflation and rate expectations, increasing fixed-income volatility and reducing predictability for pricing risk premiums.
• Tail risks include a US cyclical rebound that could restart Fed tightening, or Strait of Hormuz constraints lifting oil prices, hurting global growth.
• Strategy focus shifts to moderate portfolio risk, using security and sector selection as opportunities broaden beyond the AI-led trade.
• Emerging markets, energy diversification, renewables, and supply-chain themes cited as potential beneficiaries of a wider opportunity set.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Century Investment Services Inc. published the original content used to generate this news brief on June 25, 2026, and is solely responsible for the information contained therein.