In this week's Markets Happy Hour Podcast, we note how, as we approach mid-summer, the Heat is on, both literally, and at a geopolitical level.



Our special guest this week is Robert Morier, a Professor at Drexel University, with a particular focus on venture and entrepreneurship, as well as the host of the Dakota Live podcast, advisor and surf life guard. His insights the job market for graduates, the use of AI among his student cohort and capital allocation inside and outside the US provide useful context to our broader market observations.



This week we note how uncertainty continues to prevail, with the US Fed at their latest meeting essentially admitting that they were still uncertain about the direction of markets. The USD continues to weaken despite rates being held steady, and more central banks are now cutting rates than raising or keeping on hold.



Equity markets have been reasonably calm despite the military action between Israel and Iran, and AI continue to dominate market headlines as tech titans engage in an arms race to add to their expertise, while lobbying regulators to give them a 10 year grace period.



The Markets Happy Hour Podcast is a weekly check-in on market conditions and what it means for investment portfolios. Aoifinn Devitt is an advisor to family offices and institutions around investing for a richer future. She believes that understanding the market context in which we operate is a key part of navigating that future with confidence and agency.

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