On this episode of The Lebenthal Report, Michael Hartzman and guest co-host Andrew Gilmartin break down the latest market movements, Federal Reserve developments, and the real impact of global headlines on investing in 2026.
Despite geopolitical tensions and rapidly shifting news cycles, markets have remained surprisingly resilient, with strong year-to-date gains across the S&P 500, Dow, and Nasdaq. The hosts dive into why headlines are driving short-term volatility—and why long-term investors should focus on fundamentals like corporate earnings, inflation, and oil prices.
They also unpack the growing scrutiny around the Federal Reserve, including the nomination of Kevin Warsh and what political pressure could mean for interest rates, inflation, and economic stability.
The highlight of the episode features a deep dive into the U.S. Small Business Administration (SBA) with Regional Administrator Matt Coleman. Learn how SBA loans work, who qualifies, and why government-backed lending plays a critical role in fueling entrepreneurship and economic growth. With nearly 99% of U.S. businesses classified as small businesses, the SBA remains a key engine of the American economy.
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