Markets moved higher this week as inflation data came in largely in line with expectations and concerns about additional Federal Reserve tightening eased. The panel discusses July CPI, stable labor market trends, and softer retail sales, while noting that inflation remains above target. The conversation also examines shifting expectations for the September FOMC meeting, the outlook for interest rates, and why equities continue to reach new highs despite seasonal headwinds. The episode closes with a discussion on diversification, balancing equity opportunities with attractive bond yields, and maintaining discipline as investor sentiment improves.

Brian Pietrangelo, Managing Director of Investment Strategy

George Mateyo, Chief Investment Officer

Rajeev Sharma, Head of Fixed Income

Stephen Hoedt, Head of Equities

02:30 — July inflation data and market reaction

08:20 — Fed outlook and September meeting expectations

13:00 — Jackson Hole and signals from policymakers

15:05 — New market highs, breadth, and volatility trends

22:20 — Bonds, diversification, and portfolio positioning