Jun 30, 2026 · 42 min · 13 segments
Markets rarely move in straight lines and Q2 2026 was a powerful reminder of that. In this week’s episode of Money Sense, Karen Ellenbecker is joined by long-time market voice Mike Roth and Wealth…
Mike RothGuest
Karen EllenbeckerHostNick KabardinGuest
I'd say if you had to sum up in one word the second quarter, and it still has a few more days to go, but I would say resiliency.
If I was optimistic, it was because I had a very cloudy crystal ball because the market, as we said coming into the year, had a lot of tailwinds.
And indeed, the market came out of the blocks in the beginning of the year very strong.
And then February 28th, he woke up, I think it was Saturday morning, and he went, looks like we're bombing Iran.
And of course, the market was not anticipating that and reacted, as you might expect, in a somewhat negative fashion because the market hates uncertainty.
And it was uncertainty in a very sensitive place because oil energy is the lifeboat of the global economy.
This particular location, the Strait of Hormuz, is an epicenter of oil production.
I'd say if you had to sum up in one word the second quarter, and it still has a few more days to go, but I would say resiliency.
If I was optimistic, it was because I had a very cloudy crystal ball because the market, as we said coming into the year, had a lot of tailwinds.
And indeed, the market came out of the blocks in the beginning of the year very strong.
And then February 28th, he woke up, I think it was Saturday morning, and he went, looks like we're bombing Iran.
And of course, the market was not anticipating that and reacted, as you might expect, in a somewhat negative fashion because the market hates uncertainty.
And it was uncertainty in a very sensitive place because oil energy is the lifeboat of the global economy.
This particular location, the Strait of Hormuz, is an epicenter of oil production.
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