1. Executive Briefing (TL;DR)

• Top Key Takeaways:
• Exceptional Q2 Earnings Beat vs. Unfavorable Market Reaction: 86% of S&P 500 companies reporting have beaten earnings expectations—the broadest beat rate in five years—driving YoY S&P EPS growth to 45% (33% excluding hyperscaler investment gains), far exceeding the 7% long-term historical baseline…

1. Executive Briefing (TL;DR)

• Structural Expansion of the AI Wave: The AI transition is expanding beyond core LLMs into world models, co-designed compute-model integration, and physical AI systems [00:02:08].
• CapEx Projections & Infrastructure Scarcity: Forecasted data center capital expenditure over the next 5 years is projected to exceed…

Geopolitical Developments & Global Trade

• Iran Interim Agreement: President Trump signed an interim memorandum of understanding (MoU) with Iran at the Palace of Versailles on Wednesday, June 17, 2026 [00:00:03].
• Strait of Hormuz Reopening: The signing occurred two days ahead of the Friday deadline, successfully ending the immediate conflict…

The June 12, 2026 edition of "This Week in Review" by Fisher Investments provides a high-density macroeconomic analysis of three pivotal global market events: the landmark initial public offering (IPO) of SpaceX, the accelerating May U.S. consumer price index (CPI) inflation print, and the European Central Bank's (ECB) first policy rate hike in nearly three years. The briefing focuses on net equity supply…

Speaker: Jeffrey Gundlach (Founder & CEO, DoubleLine Capital) Broadcast Date: June 12, 2026 Context: Episode 2 of the Gundlach Unlocked series, establishing a high-density macro framework for asset allocation across mutual funds and ETFs.

00:00:06 The Fixed Income Macro Framework & ZIRP Legacy

• The Bloomberg Aggregate Bond Index: The index's…

• FactSet Corporate Commentary [00:16:10]: Notes an aggressive unwinding of defensive, macro-hedged portfolios. Capital shifted heavily toward risk-on equities due to falling input costs (energy) and structural demand for generational aerospace and AI equity exposure.

EXECUTIVE SUMMARY Major U.S. equity indices closed higher this week, rebounding from the previous…

• Host and Speakers: Edwina Lowe from JP Morgan's Data Assets and Alpha Group introduces the episode, sitting down with Eloise Goulder (Head of Data Assets and Alpha Group) for Part 1, followed by John Schlaggel (Head of Positioning Intelligence) and Drew Tyler (Head of Global Market Intelligence) for Part 2 [00:00:03].
• Market Context: The S&P 500 delivered…

• Victor Shvets: Head of Global Equity Strategy at Macquarie Group [00:01:28].
• Interviewers: CNBC International Live anchors [00:00:48].

Market Concentration and the "New Normal"

• Global equity markets are incredibly concentrated. Stripping out 5 to 6 mega-cap stocks from almost any global market—including the US, South…

• Host: Patrick Coffey
• Speaker Guest: Alex Altman, Head of Equity Tactical Strategies in our Markets division

1. Shift to Tactical Bearish Stance [00:00:20]

• The Context: The guest, Alex Olman, has a proven track record of maintaining a bullish stance during previous market scares. Notably, in September 2025, when Wall Street turned…

• Host: Wilfred Frost [00:00:40]
• Recording Date: Monday, June 8, 2026 [00:02:53]
• Scheduled Event: Friday, June 12, 2026 (SpaceX IPO listing date) [00:00:49]
• Core Topic: Detailed analysis of the upcoming SpaceX…

1. US Inflation & May CPI Release

• Context: The Bureau of Labor Statistics (BLS) is scheduled to release the May Consumer Price Index (CPI) data on Wednesday. This marks the third full month of macroeconomic data gathered since the onset of the current Iran conflict. [00:00:25]
• Data Points & Historical Reference:
• April Headline Inflation:…

1. The IPO Market & Index Dynamics

• The Valuation Hype: There is intense market focus and speculation surrounding an upcoming "Big Three" cluster of mega-cap technology IPOs. Early estimates place their collective market capitalization at a staggering $4 trillion [00:01:13].
• Float Adjusted vs. Total Market Cap: Sonders clarifies that total…

Speakers: Harold Van Der Linde (Head of Asian Equity Strategy, HSBC) & Prrena Garg (Asian Equity Strategist, HSBC)

[00:00:00] The Global Macro Tug-of-War: Yields vs. Growth

• The Core Paradox: Global equity markets have pushed toward exceptional highs despite persistent structural headwinds, creating a visible disconnect between surging stock prices and uneven…

Speaker Details

• Jeremy Siegel: Wharton Emeritus Professor of Finance and Chief Economist at WisdomTree.
• Dan Loney: Host for Knowledge at Wharton.
• Context: The interview occurs during a period of market complexity: the Dow Jones Industrial Average has crossed above the 50,000 threshold, geopolitical conflict involving Iran persists, and underlying inflation is showing signs of heating up.…

• Speaker: Charlie Bilello, Chief Market Strategist at Creative Planning.
• Context: Weekly market review ("The Week in Charts") recorded on Friday, May 29, 2026.
• Core Themes: Nvidia's earnings dominance, S&P 500 vertical momentum, explosive growth in a specialized memory ETF, a massive upcoming multi-trillion dollar IPO wave (SpaceX, OpenAI, Anthropic), worsening consumer debt stress metrics…

• Host: Chris Hussey [00:00:00]
• Guest: Pete Callahan (US Tech, Media, and Telecom Sector Specialist within Global Banking and Markets at Goldman Sachs) [00:00:05]
• Recording Date: Thursday, May 28, 2026 [00:00:03]

**1. Market Overview &…

• Speakers:
• Downtown Josh Brown (Host, CEO of Ritholtz Wealth Management) [00:06:12]
• Michael Batnick (Co-host, Managing Partner at Ritholtz Wealth Management) [00:06:28]
• Denise Chisholm (Special Guest, Director of Quantitative Market Strategy within the Quantitative Research and…