This market looks like 2022 in three uncomfortable ways: investors are nervous about inflation, interest rates are still driving market behavior, and expensive growth stocks are vulnerable to sharp resets. But 2026 is not a copy-and-paste repeat of 2022. The investor who understands the similarities and the differences will be less likely to panic, chase, or rebalance at the wrong time. Today&#x27;s Stocks &amp; Topics: Invesco Aerospace &amp; Defense ETF (PPA), Market Wrap, Grayscale Ethereum Staking Mini ETF (ETH), Allison Transmission Holdings, Inc. (ALSN), Advance Auto Parts, Inc. (AAP), Is This 2022 All Over Again? The Market Risk Checklist for 2026 (Today), Newmont Corporation (NEM), SPDR Gold Shares (GLD), Capital Flowing Into AI Is It A Warning Sign?, Zombie Unicorn Companies. ﻿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 * Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.com Advertising Inquiries: https://redcircle.com/brands

Is This 2022 All Over Again? The Market Risk Checklist for 2026

InvestTalk

# Full Transcript

**Podcast:** InvestTalk

## Participants

- **Justin Klein** (KPP Financial)
- **Luke Guerrero** (KPP Financial)
- **Shred** (None)
- **John** (None)

## Transcript

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TrueDiagnostic.com. Use code INVEST20 for 20% off today. This is InvestTalk from KPP Financial, helping investors make sense of the markets one day at a time. Here's your host, Luke Guerrero.

Good afternoon, fellow investors, and welcome to the Monday, June 22nd, 2026 edition of InvestTalk. I'm your host, Luke Guerrero, and I'll be with you over the next 45 minutes to an hour as we dissect what went down in the market today, talk about the stories that matter, and answer your finance and investment questions.

Now, before we get rolling, I do want to remind you all that our next new wealth webinar is set for Tuesday, June 30th from 12 to 1 Pacific time. It is one week from tomorrow. It is called Beyond the Yield, How to Invest for Your Income Needs, and it is free, but as always, you must register at InvestTalk.com. All right, before we talk about today's market performance and run down those show topics, let's tackle this caller question now.

I wanted to ask a question about aerospace and defense sector. I was looking at an ETF PPA, the Invesco Aerospace and Defense ETF. I just wanted to get some more exposure into these sectors and wanted to know if this was a good way to get some broad exposure into these industries and see if this would be a good fit. Thank you so much. Bye.

PPA is the Invesco Aerospace and Defense ETF. It is a passive ETF that tracks the SPADE Defense Index and invests in U.S. companies systematically important to defense, military, homeland security, and government space operations. So you're going to see aerospace names, defense names, defense electronics, IT services for government, and cybersecurity alongside your traditional defense primes.

Now, the companies that are at the top of this fund are ones that you have probably heard of. GE Aerospace, Boeing Company, RTX Corporation, Lockheed Martin rounding out the top four, which makes up about 30% of this portfolio. In fact, the top 10 make up about 55.41% of the overall portfolio.

Now, year to date, this thing...

Is This 2022 All Over Again? The Market Risk Checklist for 2026

Transcript

Built for investment professionals

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

Is This 2022 All Over Again? The Market Risk Checklist for 2026

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.