Markets are churning through a rotational correction as sentiment runs hot and breadth improves, but risks loom from elections and oil, with crude near $70 and geopolitical tensions in focus. We break down the potential AI and infrastructure boom, inflation trends in housing, labor, and energy, and what a falling dollar means for prices. Plus, why we prefer tactical money management in this environment.

This week we break down the current stock market correction, including what history says about typical election-year seasonality. We also review the latest on GDP, jobs, productivity, and inflation—and what it all means for investors.

Plus, Alejandra Grindal of Ned Davis Research joins us to discuss slowing long-term U.S. growth, inflation likely settling above pre-pandemic levels, why she doesn’t see a recession or cyclical bear market, the outlook for the dollar and gold, rising U.S. deficits, and key geopolitical risks including continued U.S.–China decoupling and Taiwan.

Geopolitical expert Matt Gertken joins Smart Money to break down rising global tensions, the limits of U.S. power, and what shifting alliances mean for investors. We discuss the dollar, Trump’s leadership risks, the threat of an oil shock from Iran, and the long-term competition with China—and why independent thinking matters more than ever for portfolios.

David McCord joins us to discuss the growing market rotation away from speculative areas, the impact of AI spending, and what recent Mag 7 earnings reveal about leadership in stocks. We explore whether this shift signals a new bear market or a normal rotation, why the Fed remains in a policy pickle, and the key risks investors should be watching. We also break down the K-shaped economy, AI-driven white-collar layoffs, persistent inflation, and why housing remains central to the broader economic outlook.

On this episode, we dive into the latest on the U.S. economy and markets: the national debt, the impact of a sliding U.S. dollar, and whether stocks are showing broader strength. We’ll discuss the Federal Reserve, potential rate cuts, and the challenges the new Fed chair will face. Plus, we’ll update you on earnings, market breadth, unemployment, inflation, and what bond markets are signaling about the economic outlook.

Is the next leg of the bull market already underway? We break down how housing could re-ignite growth under Trump-era policies that resemble QE by another name, why stocks continue to confirm a bull market with expanding participation, and how a jobless boom and production-led growth are reshaping the economy. We also revisit 1970s-style inflation cycles, extreme pessimism in oil, and why long-term dollar weakness and rising gold reserves may signal a shift in global capital flows.

We break down the outlook for stocks and the economy, including earnings growth expectations, Fed policy, and why corporate profits remain strong while households feel pressure. The episode explores AI-driven growth, productivity gains, inflation and wage trends, and the outlook for emerging markets and small caps. We then step back to examine lessons from history—herd behavior, technology adoption cycles, debt-fueled booms, and why asset prices often peak well before the economy slows—ending with the key question for investors: where are we now in the cycle?

This episode covers the key trends shaping 2026: Venezuela’s stalled oil and the U.S.–China energy dynamic. We break down stock market highs, AI-driven capital shifts, gold and silver surges, oil forecasts, and what consumers can expect from inflation and unemployment. Stay ahead of the trends with our market and economic insights.