EPISODE · Jul 24, 2026 · 17 MIN
A Lot of Red Amid AI Skepticism and the Costs of War (E269)
from DoubleLine Minutes · host DoubleLine
For the week ended July 24, DoubleLine Portfolio Manager Eric Dhall and Analyst Mark Kimbrough see a lot of red on the ticker tape (00:20), with the S&P 500 down on the week amid the AI skepticism that the market is kind of dishing out right now. It was also a red week for fixed income (3:20) as the U.S. interest rate curve sold off, but commodities (4:48) benefited from a potential second energy shock. While it was a light week in Macro Land, Eric and Mark discuss the 186,000 jobless claims (8:17), the lowest print since 1969, and positive-territory manufacturing and service PMI numbers (10:29), which could have gotten a boost from the World Cup and celebration of the U.S. semiquincentennial. Next week (12:35) will bring lots of macro news, including home prices, a PCE print and a Q2 GDP estimate, but the big event will be the FOMC meeting, the second under new Fed Chairman Kevin Warsh.
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What this episode covers
For the week ended July 24, Eric Dhall and Mark Kimbrough discuss a red week for stocks and bonds, with the S&P 500 and rates selling off while commodities gained on energy shock fears. On the macro side, jobless claims hit a 1969 low and PMIs stayed positive, with next week’s FOMC meeting under new Fed Chair Kevin Warsh in focus.
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A Lot of Red Amid AI Skepticism and the Costs of War (E269)
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