Securities offered through Harbor Investments, Inc., member FINRA/SIPC. Investment advisory services offered through LVZ, Inc., a federally registered investment adviser. Registration does not imply a certain level of skill or training.
This material is provided for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities.
All investments involve risk, including the possible loss of principal.
There can be no assurance that any investment strategy will achieve its objectives.
The principal value and investment return of your portfolio will fluctuate, and your investments may be worth more or less than their original cost.
Past performance does not determine future results.
Diversification does not ensure a profit or protect against loss. Holdings and allocations are provided for informational purposes only and should not be considered a recommendation to buy or sell any security.
The firm or its affiliates may have financial or other conflicts of interest.
Statistics cited are as of the dates indicated and come from sources believed to be reliable but not guaranteed; figures may vary by provider methodology.
Opinions and forward-looking statements reflect the speakers’ views as of the recording date, are subject to change, and are not a guarantee of future results.
Please do not send account numbers, personal financial information, or transaction instructions by email; email is not a secure medium.
EPISODE NOTES
All-time-high count is as of 8/6/2026 and reflects record closing highs. The S&P 500 set no new record highs during July 2026; the prior record close was 6/2/2026 and the next was 8/4/2026.
SpaceX (SPCX) float, share count, and volume figures are as of 7/21/2026 per Yahoo Finance. Float definitions vary by provider; other published estimates range from roughly 3% to 5% of shares outstanding.
The McKinsey analysis referenced covers ten European countries and measures exposure to automation rather than growth in skill demand.
Inflation figures reflect data available at recording. June 2026 CPI, released 7/14/2026, showed headline inflation easing to 3.5% year over year, with energy contributing to that decline.
As of late July 2026, the iShares Semiconductor ETF (SOXX) had declined more than 20% from its early-June peak.
SOURCES
Record highs: Bloomberg (8/6/2026); CNN (8/4/2026)
Market timing and best/worst days: A Wealth of Common Sense (7/16/2026); J.P. Morgan Private BankSpaceX: Yahoo Finance (7/21/2026); CNBC; Morningstar
Market concentration and semiconductor flows: BofA Global Fund Manager Survey (July 2026); BofA Global Investment Strategy and Bloomberg
Alphabet and Oracle capital spending: Tom’s Hardware; CNBC; Bloomberg
Inflation and Federal Reserve: BLS; CNBC; Kitces/Clearnomics; CME FedWatchWorkplace skills: McKinsey Global Institute (5/12/2026; 7/9/2026)
Full source documentation with links is available upon request.
