VanEck's Q2 2026 Market Outlook: Time To Bargain Hunt | Jan van Eck

AI compute capex remains locked in through 2026-2027 as hyperscalers commit massive spending, with corporate monetization accelerating and token consumption growing exponentially at VanEck internally.

Private credit presents a compelling bargain hunting opportunity, with BDCs offering structurally superior yields and alternative asset managers like Ares and Blue Owl experiencing deep corrections.

Gold's long-term bull case remains intact despite short-term volatility from geopolitical events, supported by U.S. fiscal deficit risks, rising defense spending, and commodities serving as inflation hedges.