In this episode, we cover the latest geopolitical and economic risks, market trends, and infrastructure opportunities shaping the U.S. and global economy. We discuss the potential impact of the Iran conflict on oil and energy markets, including the Straits of Hormuz, global supply, and U.S. strategic reserves. We break down current market dynamics, including sector rotations, sideways trading, and comparisons to the dot-com era. Plus, Michael Underhill joins us to explain the infrastructure catch-up, three major investment waves in energy, transportation, and digital systems, the AI-driven surge in power demand, the tech spending arms race, and why we’re only in the early innings of a long-term investment cycle.

Markets are churning through a rotational correction as sentiment runs hot and breadth improves, but risks loom from elections and oil, with crude near $70 and geopolitical tensions in focus. We break down the potential AI and infrastructure boom, inflation trends in housing, labor, and energy, and what a falling dollar means for prices. Plus, why we prefer tactical money management in this environment.

This week we break down the current stock market correction, including what history says about typical election-year seasonality. We also review the latest on GDP, jobs, productivity, and inflation—and what it all means for investors.

Plus, Alejandra Grindal of Ned Davis Research joins us to discuss slowing long-term U.S. growth, inflation likely settling above pre-pandemic levels, why she doesn’t see a recession or cyclical bear market, the outlook for the dollar and gold, rising U.S. deficits, and key geopolitical risks including continued U.S.–China decoupling and Taiwan.