联博：2026年第二季度全球资本市场展望报告：人工智能与多重宏观变量的交织（英文版）

1Q:24—“What to Expect When You’re Expecting Normalization” • After experiencing a period of resistance, we continued to anticipate a soft landing 2Q:24—“At the Intersection of Hope and Fear” • Identified the underlying macro picture as improving, even though the headline numbers during 1Q:24 appeared worrisome 3Q:24—“Distinguishing Signal from Noise” • Recognized that the data were continuing to be noisy, but we believed the soft landing signal was growing stronger 4Q:24—“Normalization: