This Huge Divergence Could... Take The Market With It
Money Tree Investing
Money Tree Investing Podcast
4.6 • 733 Ratings
🗓️ 3 June 2026
⏱️ 62 minutes
🧾️ Download transcript
Summary
There's a huge divergence going on that could take the market with it. Today we focus on the growing market uncertainty driven by a potential SpaceX IPO, geopolitical conflict in the Middle East, and increasingly narrow market leadership. We also reviewed the strong earnings season and the role of AI-driven semiconductor stocks in powering most of the market's gains; many other sectors have largely moved sideways despite headline index strength. We also cover the inflationary impact of higher oil prices, the effects of the ongoing Middle East conflict on commodities and global supply chains, central bank gold sales, bond market volatility, interest rate trends, and why investors should focus on risk management, sector rotation, and underlying market conditions rather than simply following index performance.
We discuss...
- The potential SpaceX IPO, its massive valuation, and concerns about how quickly it could be added to major market indexes.
- Why investors should avoid FOMO and be cautious when buying newly public companies.
- How private markets are capturing more growth before companies ever reach public investors.
- How most stock market gains this year have come from a narrow group of technology and semiconductor companies.
- The sector performance across technology, financials, energy, healthcare, consumer stocks, and utilities.
- The ongoing Middle East conflict and its impact on oil prices, inflation, and global supply chains.
- Why oil prices affect everything from transportation and food costs to plastics and manufacturing.
- The market values of gold, silver, and major technology companies.
- Treasury yields, bond market volatility, and the importance of monitoring interest rate trends.
- The yield curve and what its normalization could signal for the economy and financial markets.
- Mortgage rate trends and the challenges higher borrowing costs create for housing.
- How excess liquidity is flowing into a small number of market sectors rather than the broader market.
- Looking beyond headline index returns to understand what is actually driving market performance.
- Scenario-based investing and the importance of preparing for both inflationary and disinflationary outcomes.
Today's Panelists:
- Kirk Chisholm | Innovative Wealth
- Phil Weiss | Apprise Wealth Management
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For more information, visit the full show notes at https://moneytreepodcast.com/huge-divergence-821
Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.0 | Hello, Smart Money Tree Podcasts listeners. Welcome to this week's show. |
| 0:13.0 | My name is Kirk Chisholm and I'll be our host and today I'm joining with Phil Weiss, hey, Phil. |
| 0:17.0 | Hey, Kirk, happy to be here on this sunny Friday, much better than we had from Memorial Day |
| 0:22.0 | Reek on that's for sure. Heck yeah. My phone says it was supposed to rain yesterday through the next |
| 0:28.5 | 10 days, but it hasn't, which I'm very thankful for it in a moment. Yeah, it's been a little wet leave. |
| 0:34.1 | Take it when we can get it. Typical spring in New England. I know you're not in New |
| 0:37.6 | England, but for us it's very typical. No, I know I have some friends that I was talking to earlier that are going to Cape Cod and he said they live in Arizona and they come east and north for the coolness and he goes, but it's supposed to be cold. We have to, like we're shipping clothes because the weather is so cool there right now. |
| 0:54.1 | Cape Cod's great in July and August. |
| 0:55.9 | I don't know about June. |
| 0:57.3 | During COVID when we were down |
| 0:58.6 | there, we're down there for April, May and June. June was fine, but April was really rainy and |
| 1:04.9 | windy. May was decent. June was hit or miss, but July and August were phenomenal. We go on August. |
| 1:10.6 | This is the best time to go. |
| 1:12.6 | This is the last day of May in the markets anyway. As of Monday, it'll be a new month. It's been a |
| 1:19.2 | crazy ride here this year. Every month has a different theme, which is kind of funny because it's |
| 1:26.2 | almost to the day. January was golden silver month until |
| 1:30.8 | last day and then it was anti-gold and silver month. February was everything month. And then March |
| 1:36.6 | was the war and it was terrible. And then April was everything, well, not everything's up, |
| 1:41.8 | but Marcus turned around April. |
| 1:47.6 | And May has been Technology Month, pretty much technology has been going up. |
... |
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