This past week delivered a rare natural experiment — major Fed communications and a historic Middle East ceasefire happened simultaneously, giving investors a live stress test of what truly moves markets. Dissecting which force had more power over stock prices, bond yields, and the dollar can sharpen every investor&#x27;s macro framework going forward. Today&#x27;s Stocks &amp; Topics: Roblox Corporation (RBLX), Market Wrap, Option Markets, Fedspeak vs. Geopolitics: Which Force Actually Drives Markets More?, Toast, Inc. (TOST), The Japanese Yen, Owning Silver &amp; Gold, Perpetual Futures. ﻿Our Next Wealth Webinar: “Beyond the Yield: How to Invest for Your Income Needs” June 30th, 2026 - 12:00 pm To sign up: https://us06web.zoom.us/webinar/register/5717793889555/WN_XuoDgMVwSv6wZXXurrZTLg Our Sponsors: * Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com * Check out Chilipad and use my code INVEST for a great deal: https://sleep.me * Check out Chilipad and use my code sleep.me/INVEST for a great deal: https://sleep.me * Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai * Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com * Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com Advertising Inquiries: https://redcircle.com/brands

Fedspeak vs. Geopolitics: Which Force Actually Drives Markets More?

InvestTalk

# Full Transcript

**Podcast:** InvestTalk

## Participants

- **Justin Klein** (KPP Financial)
- **Luke Guerrero** (KPP Financial)

## Transcript

This is InvestTalk from KPP Financial, helping investors make sense of the markets one day at a time. Here's your host, Justin Klein. Justin Klein, CEO, InvestTalk Good afternoon, fellow investors, and welcome back to InvestTalk. This is our Wednesday, June 24th, 2026 edition of InvestTalk.

Appreciate you all tuning in for this hour. A lot to unpack in today's market with so much going on geopolitically, with central banks, with fiscal policy. And then we have a massive IPO schedule that has already kicked off with the IPO of SpaceX and many more to come throughout the year.

So this year looks to be what, in hindsight, will probably be an inflection year in some way, shape or form. Is that more politically? Is that more monetarily? Is that more from a leadership perspective? We shall see. But bottom line is, we are seeing a lot of volatility, a lot of increased volatility in markets. And that usually means the start of new leadership, new trends.

And that's what we are here to help you with. Unpack what we are seeing and give you a sense of how to navigate times like these, unprecedented times like these. Now, I'm Justin Klein. And our objective, as always, to help you become a better investor. We do that by answering your finance and investment questions and bringing you data and perspective. We're all up with over 25 years of investment experience so that you can make better decisions with your money.

Making decisions out of facts on the ground as opposed to fear and greed. So I'm excited, as always, to connect with you for the next hour. So don't hesitate to give us a call at 888-99-CHART. Now, our next Wealth Webinar is coming up in less than a week Tuesday, June 30th, 12 to 1 p.m. Pacific time, six days away. The title is Beyond the Yield, How to Invest for Your Income Needs. It's free, but you must register over at investtalk.com.

Now, Justin Klein, let's talk about today's market performance and run down the show topics. But as usual, we'll tackle this first caller question now. Hello. I'm just wondering what you think about Roblox, RBLX. I was always impressed by the large number of users it has, young users, and thinking that might turn into, they turn older and they use it even more and their kids use it or whatever. I was just wondering whether you think it's time to sell it. Thanks. Bye.

Looking at Roblox, RBLX is the symbol. Before I get into the details of this company in general, I want to first talk broadly about that first comment the caller made, which is, hey, there's a lot of demand. A lot of kids use it. And that automatically makes it potentially a good investment.

And the reality couldn't be further from the truth. Demand for a product is not, I wouldn't even say it's the most important factor for long-term success. Now, short-term, yes. But over the long term, it's about...

Fedspeak vs. Geopolitics: Which Force Actually Drives Markets More?

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Fedspeak vs. Geopolitics: Which Force Actually Drives Markets More?

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.