Markets with Megan: A Quick Financial Markets Update

Megan Horneman

Empower yourself with knowledge, one fact at a time. Markets with Megan is a bite-sized financial markets podcast hosted by Megan Horneman, the CIO of Verdence Capital Advisors. Megan provides experienced analysis and in-depth insights that go beyond the daily headlines to unravel the economy's intricacies and indicators.

  1. 2d ago

    AI Spending Is Booming. Will the Fed Raise Rates?

    AI-related capital spending continues to support the U.S. economy, and the latest durable goods report reveals surprising strength beneath the headline numbers. But could stronger economic growth give the Federal Reserve another reason to raise interest rates? In today's Markets with Megan, Verdence Capital Advisors CIO Megan Horneman reviews August's durable goods orders, the surge in business investment, and what the latest economic data could mean for third-quarter GDP, inflation and the Fed's October meeting. - Why aircraft orders weighed on the headline durable goods report. - How underlying orders rose more than 1% in August and 14.8% year over year. - The role of AI-related investment in machinery, computers, metals and electrical equipment. - Why the Atlanta Fed's GDPNow estimate is tracking third-quarter growth above 5%. - What strong economic data could mean for interest rates, inflation and financial markets. Can the AI investment boom continue supporting economic growth without reigniting inflation? Subscribe to Markets with Megan for timely insights into the economic data moving financial markets. Visit: https://marketswithmegan.fm #MarketsWithMegan #AIInvesting #GDP #FederalReserve #InterestRates #EconomicOutlook #DurableGoods #CapitalSpending  https://youtu.be/mQRDi4jzr38 Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks  or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance  that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any  discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...

    AI Spending Is Booming. Will the Fed Raise Rates?
  2. Sep 16

    Retail Sales Rebound | S3 E168 | 09-16-26

    Retail sales just flipped the script: after a weak July, August comes in with a sharp rebound, and the details matter if you care about where the U.S. economy is headed. We walk through the August retail sales report and why a 1.2% monthly gain grabs market attention, especially with gasoline station sales up 3.1% and “core” spending measures also showing strength. If you’ve been wondering whether the consumer is finally cracking, this data argues the spending story is not over yet.  We dig into the category-level moves that help explain the jump, including motor vehicles, furniture, electronics, health and personal care, internet shopping, and eating and drinking places. We also talk about why e-commerce surged and how Amazon Prime Day being pulled forward can make one month look soft and the next month look strong. It’s a good reminder that promotions and timing can distort short-term readings, even when underlying consumer demand is steady.  Then we hit the key caveat: retail sales are reported in nominal dollars, not inflation-adjusted terms. That makes it hard to separate true increases in spending from higher prices, especially in categories impacted by inflation and supply chain disruptions. We close with what we’re watching as the Fed meets, and why the press conference can change the market’s interpretation of today’s data. Subscribe, share the show, and leave a review, then tell us: does this report signal real strength or just inflation in disguise? https://youtu.be/vcOZXjWQhKM Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks  or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance  that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any  discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...

    Retail Sales Rebound | S3 E168 | 09-16-26
  3. Sep 11

    Fed Hike Odds Jump After CPI | S3 E167 | 09-11-26

    Inflation came in hotter than expected, and the latest CPI report may have strengthened the case for a Fed rate hike next week. In this episode of Markets with Megan, Megan Horneman dissects the latest inflation data, including rising energy costs, hotter core CPI, and continued pressure on American households. She also explains why markets are rallying even as the odds of a Fed hike rise, and what investors should be watching heading into next week’s Fed meeting. Topics include: • The latest CPI and core inflation numbers • Why energy prices remain a major inflation driver • Rising costs for consumers and declining real wages • Why Fed rate hike odds have jumped • Why stocks are rising despite higher rate expectations • What to watch at next week’s Fed meeting Subscribe for timely market insights and economic analysis from Markets with Megan. Learn more at MarketsWithMegan.fm. #Inflation #CPI #FederalReserve #FedRateHike #InterestRates #StockMarket #MarketsWithMegan #MarketUpdate #Investing #Economy https://youtu.be/SG9-XZB2xv8 Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks  or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance  that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any  discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...

    Fed Hike Odds Jump After CPI | S3 E167 | 09-11-26
  4. Sep 10

    PPI Report Builds Case For Rate Hike | S3 E166 | 09-10-26

    Inflation came in as expected. The problem? “As expected” is still too hot. The latest Producer Price Index showed inflation pressures continuing to build: 📈 Headline PPI: +5.4% year over year 📈 PPI excluding food, energy and trade: +4.7% ✈️ Airline prices: nearly +20% year over year ⚖️ Legal services: about +8% 🏥 Hospital inpatient care: +4.3% Those details matter because several feed into the Fed’s preferred PCE inflation gauge, and they’re not giving policymakers much reason to feel comfortable. Markets are taking notice. The probability of a rate hike at next week’s Fed meeting has climbed to 72%, while the 10-year Treasury yield has moved above 4.9% and closer to the 5% level. In this episode of Markets with Megan, Megan Horneman breaks down what today’s PPI report tells us about inflation, interest rates, and what investors should be watching when CPI arrives tomorrow. 🎧 Watch the latest Markets with Megan and get a complete history of all episodes at MarketsWithMegan.fm. #MarketsWithMegan #Inflation #FederalReserve #InterestRates #PPI #Investing #Markets https://youtu.be/TWB0CvQUt1I Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks  or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance  that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any  discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...

    PPI Report Builds Case For Rate Hike | S3 E166 | 09-10-26
  5. Sep 4

    162,000 Jobs Added: What It Means for the Fed | S3 E165 | 09-04-26

    The August jobs report landed well above expectations, and it's the last one the Fed will see before its September meeting. The U.S. economy added 162,000 jobs last month against a forecast of just 55,000, with construction, AI-related hiring, and government payrolls all contributing. Megan Horneman breaks down what a beat this size means for interest rate policy. Wages grew three-tenths of a percent for the month, unemployment held at 4.1%, and the labor force added more than half a million workers. Markets are already reacting: equities slipped as traders priced in a 62% chance the Fed raises rates in September. In this episode, Megan covers: - Why 162,000 new jobs was nearly triple what economists expected - Where the job growth came from: construction, AI-related hiring, and government - What rising wages and a steady 4.1% unemployment rate signal - Why markets are now pricing in a 62% chance of a September rate hike - How short- and long-term Treasury yields are reacting differently to the report Subscribe for a new episode every week. For a history of all Markets with Megan episodes: https://marketswithmegan.FM #JobsReport #FederalReserve #InterestRates #FedRateHike #Economy #StockMarket #Investing #WageGrowth #Unemployment #MarketsWithMegan https://youtu.be/v-Am2JambtE Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks  or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance  that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any  discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...

    162,000 Jobs Added: What It Means for the Fed | S3 E165 | 09-04-26
  6. Sep 3

    Service Sector Warning: Prices Are Back | S3 E164 | 09-03-26

    The ISM Services Index ticked up in August, and the report's prices paid component jumped to its highest level since August 2022, back when the economy was still digging out of the post-pandemic inflation spike. Megan breaks down what's behind the rise in service sector activity and why the pricing data is worth watching heading into the Fed's next move. In this episode, Megan covers: 🔹 Why the ISM Services Index rose in August and what's driving the strength 🔹 The prices paid component's jump to its highest level since August 2022 🔹 Business activity and new orders climbing to their highest levels in over a year 🔹 How Fed speech on holding rates steady moved the equity markets today 🔹 Why tomorrow's jobs report is the last piece of data before the Fed's rate decision If you're trying to make sense of what these numbers mean for your own portfolio and retirement planning, take five minutes to listen in.  For a history of all Markets with Megan episodes, visit: https://marketswithmegan.FM #ISMServices #ServiceSectorInflation #FederalReserve #JobsReport #InterestRates #Inflation #MarketsWithMegan #Economy #FedDecision #StockMarket https://youtu.be/Sk63JVHeZ0g Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks  or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance  that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any  discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...

    Service Sector Warning: Prices Are Back | S3 E164 | 09-03-26
  7. Aug 28

    The Fed's New Focus: Prices Over Jobs | S3 E163 | 08-28-26

    Federal Reserve Chairman Warsh delivered a notably hawkish speech at this year's Jackson Hole Economic Symposium, and it has real implications for where interest rates go next. Hear what he said about inflation, the labor market, and why the Fed isn't backing off even after a few better-than-expected readings this summer. Inflation has stayed above the Fed's 2% target for more than five years, and Warsh made clear that "better than expected" doesn't mean "good enough." With more than half of the PCE basket still growing above 3%, and financial conditions loose rather than restrictive, the case for a rate hike is back on the table. Here's what it means for markets heading into a historically volatile September. In this episode, Megan covers: - Why Chairman Warsh's Jackson Hole speech came across as more hawkish than expected - The Fed's shift in focus from labor market stability to persistent price pressures - Why more than half the PCE inflation basket is still running above 3% - What "price stability is not self-executing" means for future Fed action - How markets reacted across the yield curve and in equities - Why September could bring more volatility as the market digests this speech If you're trying to make sense of what a hawkish Fed means for your money heading into the fall, this one's for you. For a history of all Markets with Megan episodes, visit: https://marketswithmegan.fm #MarketsWithMegan #FederalReserve #JacksonHole #Inflation #InterestRates #FedPolicy #Investing #Economy #RateHike #MarketNews https://youtu.be/ZxeO4jCOiEE Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks  or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance  that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any  discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...

    The Fed's New Focus: Prices Over Jobs | S3 E163 | 08-28-26
  8. Aug 26

    This Inflation Report Puts Pressure on the Fed | S3 E162 | 08-26-26

    The July PCE inflation report came in hotter than expected, with the Fed's preferred inflation gauge rising 0.2% month over month against a forecast of just 0.1%. Core PCE now sits at 3.3% year over year, unchanged from the prior month but still well above the Fed's 2% target. Megan breaks down what the data actually shows beneath the headlines. This matters because the Fed chairman speaks at Jackson Hole this week, and markets are watching closely for any hint of tone on where rates go next. With services inflation still running hot and consumers leaning harder on savings and credit cards, Megan explains why she does not think the Fed has room to sound dovish right now. In this episode, Megan covers: - Why July's PCE inflation report ran hotter than economists expected - Core PCE holding at 3.3% year over year, still far from the Fed's target - "Super core" services inflation stuck near 3.9% and what that signals for the Fed - The personal savings rate rising to 3%, still well below the pre-COVID average of 7 to 8% - Why consumers are digging into savings and using credit cards as prices stay elevated - What to watch as the Fed chairman speaks at Jackson Hole this week If you're trying to make sense of what this inflation data means for your money and for the Fed's next move, this one is worth five minutes of your time. Subscribe now. For a history of all Markets with Megan episodes, visit: https://marketswithmegan.FM #PCEInflation #FederalReserve #JacksonHole #CorePCE #InflationData #SavingsRate #FedRateDecision #EconomicData #MarketsWithMegan #Inflation2026 https://youtu.be/d_e28gvEQlo Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks  or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance  that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any  discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...

    This Inflation Report Puts Pressure on the Fed | S3 E162 | 08-26-26

Ratings & Reviews

5
out of 5
4 Ratings

About

Empower yourself with knowledge, one fact at a time. Markets with Megan is a bite-sized financial markets podcast hosted by Megan Horneman, the CIO of Verdence Capital Advisors. Megan provides experienced analysis and in-depth insights that go beyond the daily headlines to unravel the economy's intricacies and indicators.

You Might Also Like