Markets remain near record highs—but what's really driving the rally?
On this July market update, Michael Hartzman and Dominick Tavella discuss why strong corporate earnings, continued AI investment, and resilient consumer spending have helped support the markets despite ongoing geopolitical uncertainty.
They also explain why semiconductor companies have become the biggest earnings driver in the S&P 500, what investors should know about the Magnificent Seven, and why diversification continues to matter. Plus, they share their outlook on interest rates, inflation, market volatility, and what could impact investors during the remainder of 2026.
On this episode:
✔ Why semiconductor stocks are leading market earnings
✔ The evolving role of AI and the Magnificent Seven
✔ How consumers continue to support economic growth
✔ Why headline risk doesn't always reflect market reality
✔ Interest rate outlook for the rest of 2026
✔ What could create market volatility in the months ahead
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Lebenthal Global Advisors, LLC is a registered investment advisor. Lebenthal Financial Services, Inc is a FINRA registered Broker Dealer. The content of this podcast is intended for informational purposes only and is not intended to be investment advice. The views expressed in this podcast are subject to change based on market and other conditions. Information about the qualifications and business practices of Lebenthal Global Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. Information about the qualifications and business practices of Lebenthal Financial Services, Inc and its representatives can be found on FINRA’s BrokerCheck website, https://brokercheck.finra.org/