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In this episode, Joe, Smiddy, and Ron dive into the DOJ’s criminal probe of Jerome Powell, what it means for the Fed’s independence, and how the erosion of trust in data, leadership, and policy could reshape markets in 2026.

They also break down:
– The insanity of a market that won’t flinch
– Why the metals rally may be the real tell
– What the big banks are predicting for the S&P
– How to trade when macro, data, and sentiment all feel broken

DISCLAIMER: Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. All opinions expressed by anyone on the podcast are solely their own opinion.

Powell Investigation and 2026 Outlook (EP. 22)