Retail sales just surprised Wall Street — again. On this episode of Markets with Megan, Megan Horneman, CIO of Verdence Capital Advisors, dives into the latest economic data and why the U.S. consumer continues to defy expectations. June’s retail report came in stronger than economists anticipated, sparking questions about inflation, interest rate policy, and whether this resilience is sustainable.

Megan breaks down:

- What categories drove the surprise
- Why these numbers matter to investors and the Fed
- How markets are reacting
- What it means for future rate cuts and economic forecasts

👀 Stay informed with real-time analysis.

📈 Subscribe for daily updates on the markets, inflation trends, and more. As always go to MarketsWithMegan.fm

#RetailSales #MarketsWithMegan #EconomicData #StockMarketUpdate #Inflation #ConsumerSpending #FinancePodcast #MeganHorneman #InterestRates

https://youtu.be/CrQ-8T2qRgw

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 co...

📉 Are tariffs finally starting to hit your wallet?

In today’s episode of Markets with Megan, we break down the latest inflation data and explore how the renewed impact of tariffs is fueling higher prices across the economy. With the Fed still holding rates steady, investors are left wondering: Is a rate cut coming, or are inflation risks rising again?

🚨 Megan dives into:

- The fresh inflation numbers and what's driving them 📊
- How the Fed may react going forward 🏛
- Why tariffs are creeping back into your pocketbook 💵
- What this all means for the equity and bond markets 📈📉

🔔 Don’t forget to subscribe, hit that alarm bell, and share with friends, family, and colleagues.

🎧 Catch up on past episodes: https://marketswithmegan.fm

#Inflation #Tariffs #FederalReserve #MarketsWithMegan #StockMarketNews #InterestRates #EconomyUpdate #WallStreet #MarketVolatility #EconomicInsights

https://youtu.be/HjAI28syKdY

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 co...

Small business optimism just slipped again, and it may be telling us more about the economy than you think.

In this episode CIO Megan Horneman dives into the latest NFIB Small Business Optimism Index and breaks down why this matters for investors, the economy, and future Fed decisions. With five out of the last six months showing a decline in sentiment, are business owners signaling deeper trouble ahead?

💡 Megan covers:

- Declining plans for capex and inventory growth

- Weak earnings expectations from small businesses

- Inflation signals from rising selling price expectations

- The looming impact of tariffs and Washington headlines

- What this means for CPI, GDP, and the Fed’s next move

👉 Plus: What to watch ahead of earnings season and how tariff extensions could disrupt markets into August.

📉 Main Street may be more important than Wall Street right now. Tune in to understand the undercurrents shaping the U.S. economy.

🎧 Listen to all episodes: https://marketswithmegan.fm

#MarketsWithMegan #SmallBusiness #EconomicOutlook #NFIB #FedWatch #InterestRates #Inflation #CPI #GDP #BusinessConfidence #Tariffs #MainStreetEconomy

https://youtu.be/gOSglJHaoBI

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 co...

Today's market headlines about inflation being subdued don't tell the full story. Core PCE, the Fed's preferred inflation gauge, came in hotter than expected at 2.7% year-over-year, moving further from the Fed's target.

• Core PCE rose to 2.7% year-over-year, above expectations of 2.6% and higher than last month's 2.5%
• Inflation impacts from tariffs haven't shown up in the data yet but likely will in coming months
• Fed is staying on hold until they get clarity on tariffs and what companies are passing on to consumers
• Today's market rally likely reflects optimism about potential trade deals rather than inflation data
• Personal spending and income fell dramatically while consumer confidence rose
• Consumer inflation expectations were better than expected but remain historically elevated
• Next week brings major economic data including ISM manufacturing and the jobs report

If you like this podcast, please subscribe, hit that alarm bell, and share it with friends, family, or colleagues. You can see a history of this podcast at http://MarketsWithMegan.fm.

https://youtu.be/Ub47C6mJFz4

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 co...

The Federal Reserve may finally be tipping its hand. In this episode of Markets with Megan, Megan discusses Jerome Powell’s two-day testimony to Congress and what it reveals about the Fed’s strategy heading into the second half of the year.

From interest rate timing to inflation risks and looming tariffs, this episode dives into the key takeaways every investor needs to know.

In this episode:
• Why the Fed is sticking to a wait-and-see approach
• What Powell said about inflation, tariffs, and the job market
• Why markets are now betting on a September rate cut
• The latest on easing capital rules for banks
• What to watch ahead with durable goods and PCE data on deck

Markets are steady for now. But with inflation sticky, economic data softening, and policy decisions looming, it’s anything but calm under the surface.

📌 Subscribe for more market breakdowns every week - go to https://marketswithmegan.fm/ for more

https://youtu.be/B0zpjZ_eOos

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 co...

After U.S. military action over the weekend, markets opened with mixed signals. Megan Horneman, CIO of Verdence Capital Advisors, shares how investors are interpreting the unfolding events in the Middle East, what’s happening with oil and gold, and how this could influence the Fed's path on interest rates.

Key topics covered:
-Market reaction to geopolitical tension
-Investor sentiment and safe-haven assets
-Fed rate cut outlook for 2025

Historical market performance post-conflict
📉 What’s the real risk to inflation?
📈 Will the Fed still cut in September?
💡 Why staying disciplined matters now more than ever.

👉 Stay informed. Stay focused.
Subscribe for more weekly market insights from Megan Horneman.

📉 What’s the real risk to inflation?
 📈 Will the Fed still cut in September?
 💡 Why staying disciplined matters now more than ever.

👉 Stay informed. Stay focused.
 Subscribe for more weekly market insights from Megan Horneman.

📺 Watch more episodes: https://marketswithmegan.fm

#MarketsWithMegan #Geopolitics #FedRateCuts #IranConflict #WallStreet #FederalReserve #OilPrices #InvestingNews #CIOInsights #MeganHorneman #InterestRates #Inflation

https://youtu.be/wj0SpLECuUg

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 co...

The Fed just got the report it’s been waiting for! 📉 In this episode of Markets with Megan, Verdence CIO Megan Horneman breaks down the latest Consumer Price Index (CPI) data for May. It's the fourth month in a row that inflation came in cooler than expected.

✔️ Headline inflation rose just 2.4% YoY
✔️ Core inflation surprised to the downside
✔️ Gasoline prices dropped sharply
✔️ Sticky inflation metrics finally eased

Get info into why this could open the door to rate cuts later this year and how the markets are reacting in real time. Whether you're an investor, advisor, or just trying to stay ahead of the economic curve, this podcast is for you.

📈 Want to know what this means for stocks, bonds, and the Fed’s next move? Tune in now!

📌 Subscribe for more market breakdowns every week - go to www.MarketsWithMegan.FM for more
💬 Drop your thoughts in the comments below.

#CPI #Inflation #FederalReserve #MarketsWithMegan #InterestRates #StockMarket #FedWatch #EconomicData #FinancePodcast #MarketNews

https://youtu.be/PdrK_tyWaHI

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 co...

🚨 Megan Horneman breaks down the latest U.S. Jobs Report for May — and it’s not as solid as the headline number suggests. While 139,000 jobs were added, downward revisions from prior months shaved off 95,000 jobs, hinting at a slowing labor market. Unemployment held steady at 4.2%, but labor force participation dropped, painting a murkier economic picture.

What does this mean for the Federal Reserve's next move? Is a rate cut back on the table? And how should investors interpret the labor market's mixed signals?

📉 Megan goes over key economic data and how it might shape upcoming Fed decisions and market volatility. Don’t miss this episode.

🔔 Subscribe and hit the bell for real-time insights on markets, inflation, and policy moves.

www.MarketsWithMegan.FM

#JobsReport #Unemployment #MarketsWithMegan #FederalReserve #LaborMarket #RecessionWatch #RateCuts #EconomicUpdate #MayJobsData #USEconomy

https://youtu.be/3x3Zuyl4ie4

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 co...

The U.S. economy just sent a warning signal. ⚠️ 

In this episode of Markets with Megan, Megan Horneman breaks down the ISM Services Index report for May—and it's not pretty. For the first time in 11 months, the index dropped below 50, indicating contraction in the critical U.S. services sector.

🔍 What does this mean for the markets?
⚠️ Is a recession back on the table?
💼 How will this impact the Fed’s next move?

Megan walks you through the key indicators, the market reaction, and what investors should watch next. 📊 Stay informed. Stay ahead.

👇 Hit subscribe and tap the bell for weekly macro insights that matter.
See all episodes at www.MarketsWithMegan.FM

#economy #marketswithmegan #ismservices #recession #usmarkets #inflation #federalreserve #interestrates #stockmarketnews #economicupdate

https://youtu.be/OofWGzfybkc

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 co...

Personal income is rising faster than expected, but inflation? Not so much. In this episode of Markets with Megan (Friday, May 30th), Megan Horneman breaks down the latest economic data, including personal income, spending, and the Fed's favorite inflation measure: the PCE index.

📊 Key topics:

- May's inflation report (PCE Index)
- Income and spending trends
- Why tariffs haven’t caused inflation (yet)
- What it all means for the Fed and interest rates

📉 Is the consumer still strong? Will inflation stay contained? And how should investors respond?

👉 Hit subscribe, tap the notification bell, and share this episode with friends, family, or colleagues who follow the markets.

🎧 For the full archive, visit www.MarketsWithMegan.FM

#MarketsWithMegan #Inflation #PersonalIncome #Tariffs #PCE #FederalReserve #EconomicUpdate #Investing

https://youtu.be/B02evqSk0PA

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 co...