Record highs in the S&P, NASDAQ, and Russell—yet rising geopolitical tension and a market that refuses to reward strong earnings. In this week’s CB3 Financial update, portfolio manager Charles Brown breaks down the disconnect between market performance and underlying risk.

With 88% of companies beating earnings expectations, oil volatility tied to the Strait of Hormuz, and uncertainty surrounding Federal Reserve leadership and interest rate policy, the outlook remains anything but simple. This episode explores why positive surprises are being punished, what forward guidance is signaling for the second half of the year, and how CB3 is positioned through ongoing volatility.

From inflation and bond yields to global instability and Fed policy shifts, this is your clear, disciplined look at what’s driving the market right now—and what could come next.