7-24-2026: AI Capex Concerns, Earnings Resilience + Oil Shock Fallout
Market Storylines
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8m 59s
Michael Reinking, Senior Market Strategist at the NYSE, reviews a market facing renewed pressure from escalating Middle East tensions, rising oil prices, and higher Treasury yields. While earnings have generally been strong across Financials, Industrials, and Healthcare, Technology stocks have struggled as investors question the scale of AI-related capital spending. Concerns around cash flow pressures have weighed on mega-cap tech and semiconductor names despite solid results. Meanwhile, Brent crude has surged above $100 per barrel, adding to inflation and geopolitical concerns. Against this backdrop, investors are closely watching key earnings reports, central bank meetings, and economic data in the week ahead.
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