What’s Driving the Market Right Now? Tech, AI IPOs & Higher Rates

Tyler Rudek | 05.28.26

Key Takeaways

Technology stocks and the Magnificent 7 continue to drive market gains as the S&P 500 reaches new highs.
AI-driven IPO activity is picking up, but long-term discipline remains important amid increased volatility.
Higher interest rates are creating new opportunities in fixed income while reshaping portfolio strategy.

Markets Reach New Highs Amid Tech Leadership and Rising Rates

Markets continue to reach new highs, but investors are also navigating elevated valuations, renewed IPO activity, and persistent higher interest rates. In this week’s market update, Tyler Rudek, Chief Investment Officer at Boyum Wealth Architects, breaks down the key drivers behind recent market strength, including the continued leadership of technology stocks and the Magnificent 7, growing investor enthusiasm surrounding AI-related IPOs, and the evolving role of fixed income in today’s investment environment.

Why Diversification and Long-Term Investing Still Matter

Tyler also discusses why diversification and maintaining a long-term perspective remain essential as markets adjust to changing economic conditions.

Meet the author

Tyler Rudek

Tyler Rudek, CFA® joined Boyum Wealth Architects in 2015. As Chief Investment Officer, Tyler has been instrumental in honing the investment process at HWA. He is responsible for investment research and education, asset allocation, performance reporting, trading and rebalancing. Prior to working at Boyum Wealth Architects, Tyler held positions at several prominent financial firms within the industry. At Boyum, he takes care to align client capacity and willingness for investment risk with his or her long-term investment goals.