As the market broadens beyond the AI trade, shifting Fed signals and lofty earnings expectations demand more active judgment.

Highlights from the week of July 24 – July 30, 2026.

Last week, America opened football training camp and released the first reading of 2Q gross domestic product. Both looked great on paper, neither counts yet, and the real results won't arrive for another month.

The AI buildout has hit the stage that anyone who's ever lived through a renovation recognizes: you started out replacing a vanity, and now there's a structural engineer in the kitchen and everyone keeps saying "while we're in here..."

Growth now takes far more investment than it used to. Trade is reorganizing, energy risks are rising, and inflation lingers.

Low-volatility stocks look cheap, AI may be helping hiring, and banks are turning higher rates into a tailwind.

Last week, America celebrated 57 years since we strapped three guys to a building-sized firecracker and yeeted them at the moon. The labor market saw that anniversary and said, “Hold my clipboard.”

New Fed Chair Kevin Warsh appears ready to give markets fewer signals. That may give the Fed more flexibility, but it also gives every data point more power to move markets.

One of the most important pillars that we discuss both at our workshops and our coaching sessions is how to increase the probability of your success by having the right mental mindset.

Elevated coupon income should continue to support senior loan returns in the second half of 2026, but tighter valuations and rising sector dispersion...