AI, Fed & Strait of Hormuz Headwinds: Ahmed Riesgo's Cautious Market Take for 2026

Sam Vadas says consumer sentiment is at all time low and it's raising concern amongst the younger population for housing security. She also discusses Kevin Warsh sworn in as the new Fed Chair.

Reid L'anson breaks down how the war in Iran is impacting the energy market. He says coming into the year thinking we'd be short on oil helped coming into geopolitical conflict, but every day the strait of Hormuz stays closed we lose profit. He also touches on bond market trends to monitor and what's next for China.Reid L'anson breaks down how the war in Iran is impacting the energy market. He says coming into the year thinking we'd be short on oil helped coming into geopolitical conflict, but every day the strait of Hormuz stays closed we lose profit. He also touches on bond market trends to monitor and what's next for China.

Futurum president Dan O'Brian sits down with Sam Vadas to talk about Nvidia's (NVDA) earnings and the ripple effects it created across tech stocks. He outlines how the numbers don't just show demand for AI chips, but the whole AI stack. He points to data centers and energy companies as key beneficiaries. Dan turns to the quantum computing space as another portion of tech investors should keep an eye on after the Federal government distributed $2 billion to several companies, including IBM Corp. (IBM). Futurum president Dan O'Brian sits down with Sam Vadas to talk about Nvidia's (NVDA) earnings and the ripple effects it created across tech stocks. He outlines how the numbers don't just show demand for AI chips, but the whole AI stack. He points to data centers and energy companies as key beneficiaries. Dan turns to the quantum computing space as another portion of tech investors should keep an eye on after the Federal government distributed $2 billion to several companies, including IBM Corp. (IBM).

Lisa Martin breaks down the importance of SpaceX's IPO, adding that the strongest asset isn't the physical rockets, but instead the data around them. Lisa also says Starlink might be important than the whole IPO itself and there's now full-scale reusability that we've never seen in space before.Lisa Martin breaks down the importance of SpaceX's IPO, adding that the strongest asset isn't the physical rockets, but instead the data around them. Lisa also says Starlink might be important than the whole IPO itself and there's now full-scale reusability that we've never seen in space before.

Ahmed Riesgo says he is still "structurally bullish" due to earnings, though he takes issue with the run up in stocks on during a time that's traditionally down during midterm years. He adds that the Fed likely being locked in an interest rate standstill over the Strait of Hormuz adds to headwinds facing a bigger run in equities. Ahmed walks investors through his cautious take on markets for the remainder of 2026. Ahmed Riesgo says he is still "structurally bullish" due to earnings, though he takes issue with the run up in stocks on during a time that's traditionally down during midterm years. He adds that the Fed likely being locked in an interest rate standstill over the Strait of Hormuz adds to headwinds facing a bigger run in equities. Ahmed walks investors through his cautious take on markets for the remainder of 2026. 

Intel is trying to reinvent itself as a major player in A.I. infrastructure, foundry services, and advanced chip manufacturing. In this week's Tech Corner, George Tsilis breaks down the companies latest earnings, growing momentum in its Data Center and AI business, and why its Intel 18A process technology is drawing attention from major companies like Apple.George also examines the key risks facing Intel’s turnaround, including foundry execution, competition from Nvidia, AMD, and TSMC, and valuation concerns, while analyzing the stock’s strong recent technical momentum.

David Aspell of Mount Lucas Management talks about his firm's KMLM ETF and how it trades across 22 global markets. He shares his taking an being short bonds and ways it balances interest rate hikes. David also covers how his firm positions portfolios in heightened geopolitical uncertainty. David Aspell of Mount Lucas Management talks about his firm's KMLM ETF and how it trades across 22 global markets. He shares his taking an being short bonds and ways it balances interest rate hikes. David also covers how his firm positions portfolios in heightened geopolitical uncertainty.

Joanne Hsu, director of surveys of consumers at the University of Michigan, talks about the university's latest consumer sentiment print and why it's "very clear" Americans are feeling financial pressure. She walks investors through the report, the dividing lines between political parties, and ways lasting effects the Strait of Hormuz closure continues to hit wallets.

Ben Watson with Charles Schwab covers which stock charts to watch into the long holiday weekend, including a push in the S&P 500 (SPX) near record highs. On stock movers, he explains technicals backing rallies in Intuitive Machines (LUNR) and Joby Aviation (JOBY).Ben Watson with Charles Schwab covers which stock charts to watch into the long holiday weekend, including a push in the S&P 500 (SPX) near record highs. On stock movers, he explains technicals backing rallies in Intuitive Machines (LUNR) and Joby Aviation (JOBY).

James Czerniawski talks about the key takeaways from Walmart's (WMT) earnings after guidance came in softer than expected. However, he adds that they are doing well on the ecommerce side of their business and have a lot of opportunities to grow. James also covers how to navigate the current market environment and whether the Fed policy will change under Kevin Warsh's leadership. James Czerniawski talks about the key takeaways from Walmart's (WMT) earnings after guidance came in softer than expected. However, he adds that they are doing well on the ecommerce side of their business and have a lot of opportunities to grow. James also covers how to navigate the current market environment and whether the Fed policy will change under Kevin Warsh's leadership.