Markets Happy Hour Podcast - The Economy that Never Sleeps - September 24, 2026

This week’s Markets Happy Hour podcast comes to you from a secret garden in New York City, as I wrap up a full day of interviews and two media appearances – Bloomberg and Fox News. It is therefore quite abbreviated this week, as we get ready for our Live Markets Happy Hour Webinar with a special feature on currency architecture next week.This week we talk about the “Economy that Never Sleeps” from the “City that Never Sleeps. The inflation pressure from energy seems to be confusing the read that the Fed is trying to take from inflation, and as the ripple effect of last week’s interest rate hike are felt through markets, the reaction remains subdued – until now. It remains to be seen whether mortgage rates at 7% proves to be a critical milestone in terms of its deterrent effect on homebuilding, home sales and general consumer wellbeing Markets continue to narrow and the market cap weighted indices are diverging from equal weighted again. Tech earnings remain strong, but non-tech earnings are also cutting in a very decent showing. Meanwhile geopolitics are continuing to be unpredictable but not in a ways that are unsettling markets while AI battle lines continue to be drawn.