This Week in Review | Iran Conflict Update, Canada Election, UK GDP (Apr. 17, 2026)

The economy and markets can feel dizzying and ever changing. That’s where we can help. Fisher Investments’ “This Week in Review” is a weekly segment designed to highlight a few things you may have missed this week, what they could mean for financial markets and why they matter to investors like you. This week, Fisher Investments reviews: • Iran conflict ceasefire negotiations • Canada’s byelection • UK economic update Below are the sources for all data cited in today’s show: 1. Source: FactSet, as of 4/16/2026. MSCI World Total Return Index, daily, 3/30/2026 – 4/15/2026. 2. Source: FactSet, Trading Economics and Macrobond, as of 4/16/2026. Y/y S&P 500 earnings and revenue growth, actual and estimated, 4/10/2026. US, UK, eurozone, and Japan flash manufacturing and service PMIs, March 2026. US and global developed market GDP-weighted yield curves, 3/31/2025 – 3/31/2026. 3. “Elections and Defections Unshackle Canada’s Liberals Under Carney”, Ian Austen, The New York Time, 4/14/2026. 4. Source: FactSet, as of 4/14/2026. MSCI World Index country weights, 3/31/2026. 5. Source: Trading Economics, as of 4/16/2026. United Kingdom Monthly GDP, January 2026 – February 2026. 6. Source: Trading Economics, as of 4/16/2026. United Kingdom GDP growth rate, Q1 2024 – Q4 2025. 7. Source: Trading Economics, as of 4/13/2026. UK Services and Manufacturing PMIs, November 2025 – March 2026. 8. Source: Macrobond and Fineaeon, Inc., as of 4/14/2026. Average S&P 500 Total Return index annual returns categorized by US real GDP annual percent changes of the following year, yearly, 1970 – 2025. 9. Source: FactSet, as of 4/16/2026. MSCI World Total Return Index, daily, presented in USD. Y/y percent changes in global GDP growth, quarterly, 12/31/2024 – 12/31/2025. Want to dig deeper? • What ceasefire negotiations mean for markets: https://www.fisherinvestments.com/en-us/insights/market-commentary/how-investors-should-think-about-the-ceasefire • More on the state of economic conditions in the UK: https://www.fisherinvestments.com/en-us/insights/market-commentary/an-economic-check-in-on-the-uk Have feedback for this Fisher Investments podcast? Share your thoughts on this episode in just 1 minute by filling out this survey: https://fi.co1.qualtrics.com/jfe/form/SV_6Vw1ezlogR044S2?VideoCode=WeekInReview17Apr2026 Connect with Fisher Investments on: • Facebook - https://www.facebook.com/FisherInvestments • X - https://twitter.com/fisherinvest • LinkedIn - https://www.linkedin.com/company/fisher-investments • Instagram - https://www.instagram.com/fisher.investments/ • TikTok - https://www.tiktok.com/@fisher_investments You can also follow Ken Fisher here: • Facebook - https://www.facebook.com/KenFisher.FisherInvestments • X - https://twitter.com/KennethLFisher • LinkedIn - https://www.linkedin.com/in/ken-fisher/ • Instagram - https://www.instagram.com/kenfisher_fisherinvestments/ Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.