Fireworks in July typically happen on the 4th, but the market waited until the end of the month to let loose a "big finale".  Significant drawdowns in AI-related verticals, stability concerns in Japanese Yen and how it may all have been underpinned by new Fed Chair Kevin Warsh holding the line at this month's Fed Meeting. 
Let's get the latest On The Markets. 
 
This week Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP®  and Marketing Director Dano Weir examine: 
• Rates stayed put at the July Fed Meeting.  How much of an effect did that have on this week’s market performance? 
• The cautionary tale of leveraged AI investing that came to an end this week. 
• AI volatility feels like the S&P would be “down”?  Daren has the key line it actually passed this week that’s not leading the narrative. 
• A look at SpaceX’s significant underperformance in light of this week’s drawdowns. 
• What credit default swaps tell us about this week’s AI volatility. 
 
0:00 Cautionary tale of the Situational Awareness hedge fund and thoughts on leveraged investing 
21:00 America's farmland value vs. Datacenters 
25:00 SpaceX IPO underperforming 
27:17 Sentiment: bears up, bulls down 
28:37 Fed Meeting: rates held 
34:10 Treasuries right now 
38:02 Core PCE has been above 2% for 63 consecutive months 
39:25 Junk credit spread 
40:00 Over half of the S&P is priced at 10x sales 
41:00 Cost of insuring hyperscalers spiking 
42:10 Hyperscaler debt surging 
43:31 Bull market cycles 
46:00 Bitcoin, the sure thing that wasn't sure 
49:30 S&P actually did better than you think 
1:02:00 Oil sitting in a sweet spot? 
1:05:00 SpaceX struggling, COCA COLA is up?! 
1:09:45 The Dollar and the Yen- US stepping in to support Japan? 
1:10:40 Interest rates are problematic 
1:13:30 Mid cap breaks support 
1:14:30 Semiconductor index getting clobbered 
1:19:00 Gold continues a rough year 
1:20:40 Silver hype train has left the station 
 
 
 
 Full video episode available here: https://youtube.com/live/rf-8XhEpKw4?feature=share
 
 
 
Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/book-your-wealth-analysis 
 
 
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