First quarter earnings expectations are strong, but the broader economic picture in 2026 has been anything but clear. In this episode, Focus’ Todd Jones examines whether markets may be overlooking some cautionary economic signals. 

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A sustained kinetic conflict with Iran has created upside risk in energy prices since the start of the year. In this episode, Focus Partners’ Todd Jones explores if energy inflation is starting to seep into consumer prices, performance trends, and correction/recession indicators. 

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Are there any signals coming from high yield or volatility markets that give us concern? In this episode, Focus Partners’ Todd Jones covers this timely topic, the current state of private equity dry powder and how it may relate to public market trading, the recent Cliffwater article featured in The Wall Street Journal, performance trends, and correction/recession indicators. 

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With Iran dominating the headlines, what are some initial takeaways from the conflict in the Middle East? In this episode, Focus Partners’ Todd Jones dives into this topic along with midterm elections, performance trends, and correction/recession indicators. 

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Trends from the fourth quarter of last year are extending into 2026. Where is the strength coming from? In this episode, Focus Partners’ Todd Jones shares information on performance trends and correction/recession indicators. 

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In this episode, Focus Partners’ Todd Jones breaks down the latest movements in gold and silver, provides a performance update for 2026, and highlights key recession indicators investors are watching. 

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What are the implications for active strategies when market dispersion is elevated? In this episode, Focus Partners’ Todd Jones shares how wide differences in asset class performance can create opportunities for active managers as fundamentals, sentiment, and economic signals diverge. 

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Markets closed 2025 with momentum—but what could 2026 bring? In this episode, Focus Partners’ Todd Jones discusses what U.S. equity mutual fund flows could suggest for equity returns. He also shares how the uptick in bank lending could impact recession risks.

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Happy holidays from Focus Partners’ Todd Jones and the “Two-Minute Market Focus” team! In the last episode of 2025, Todd shares his thoughts on market performance over the last quarter, earnings growth estimates for 2026, outlier risks, correction/recession indicators, and more. 

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While the broader S&P 500 experienced an average drawdown in November, underlying sector movement was much more meaningful. In this episode, Focus Partners’ Todd Jones discusses what we can infer from this dynamic. He also shares updates on recent market performance and recession indicators.

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