This week’s discussion focused on encouraging inflation data, steady consumer spending, and the market implications of continued AI-driven investment. The team reviewed June CPI results, Fed Chair Kevin Warsh’s congressional testimony, and the latest Beige Book findings ahead of the July FOMC meeting. While inflation showed signs of moderation, panelists noted that price pressures remain above target and are likely to keep the Fed on hold. The conversation also explored market rotation away from some AI leaders toward cyclical sectors, improving earnings trends, resilient credit markets, and the potential for broader economic participation as growth expands beyond mega-cap technology. 03:43 — June CPI, Fed testimony, and Beige Book overview 08:25 — Economic outlook, inflation trends, and AI-driven growth 12:16 — Fed expectations, rates, and credit market dynamics 17:28 — Market rotation, earnings season, and AI stock performance 22:55 — Healthcare opportunities and broadening market leadership Additional Resources Read: Key Questions - Is Artificial Intelligence (AI) a “Bubble”? Read: IRS Releases Its Dirty Dozen Tax Scams and Schemes for 2026 Key Questions Weekly Investment Brief Subscribe to our Key Wealth Insights newsletter Follow us on LinkedIn

Crazy Train: The Economy Keeps Rolling Down the Tracks

Key Wealth Matters

Welcome to the Key Wealth Matters Weekly Podcast, where we casually ramble on about important topics, including the markets, the economy, human ingenuity, and almost anything under the sun, giving you the keys to open doors in the world of investing. Today is Friday, July 17th, 2026. I'm Brian Peterangelo, and welcome to the podcast.

If you are a sports fan, there is a lot going on this week with a very diverse list of sporting events. First up, we had the Major League Baseball All-Star Game in Philadelphia as a nod to the 250th anniversary of the United States, where the American League won 4-0. We also have the FIFA World Cup Final coming up this Sunday, where Spain will be taking on Argentina for all the marbles.

We also have the 113th version of the Tour de France underway, which is taking on Stage 13 of 21 as it rolls through the entire month of July. Always a fascinating observation of endurance at its best. Good luck to all the cyclists.

And also across the pond, we have the 154th version of the British Open, or as they say over there, they just call it the Open because it is version of the original Major Tournament for Golf, this year being held at Royal Birkdale in England. And now outside of the sports world, I wanted to share a very cool and unique experience that I had back on Monday of this week.

As we say every week on this podcast, we are huge fans of human ingenuity and technological innovations. So when we think about that, we had a really big one come through this past week.

Crazy Train: The Economy Keeps Rolling Down the Tracks

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Crazy Train: The Economy Keeps Rolling Down the Tracks

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.