Record Margin Debt, a Silent Fed, and IMAX's Big Beat I July 23, 2026

From LIVE Wall Street Beats July 23, 2026 show @10am ET Steve Lamar is joined by retail analyst Jeff Macke and banking/financials analyst Charlie Peabody to unpack a rough morning for markets after Google and Tesla both slide on disappointing prints. The trio dig into why bank capital-markets revenue is riding on the same "one big trade" as AI, data centers, and chips — and what happens if it unwinds. Charlie flags a margin-debt red flag last seen before the dot-com crash and the 2008 crisis, and previews Flagstar's (FLG) earnings along with a soft new-home-sales and homebuilder sentiment picture. Jeff makes the case for a resilient, wealth-effect-driven consumer, using IMAX's blowout quarter as exhibit A, and previews Deckers' report. The show wraps with a look ahead to next week's FOMC meeting under new Fed leadership, dissent on the committee, and why a September rate hike may be in the cards. Subscribe to get more stock analysis and insights from the Wall Street Beats pros. Want more? Become a member and get a Seat at the Roundtable now at wallstreetbeats.com for exclusive access to our experts. Disclaimer This content has been produced by Street Beats Media, LLC (“Street Beats”) and is presented for informational purposes only. Street Beats is not a broker dealer and does not provide investment advice to individuals. None of the information contained herein constitutes an offer to sell, or solicitation of an offer to buy any security or investment vehicle, nor does it constitute an investment recommendation or legal, tax, accounting, or investment advice by Street Beats or any of its employees, officers, or agents. This information is presented without regard for individual investment preferences or risk parameters and is general, non-tailored, non-specific information. Our content is based on information from sources believed to be reliable. Street Beats is not responsible for errors, inaccuracies, or omissions of information. The opinions and conclusions contained in this content are those of the individual expressing those opinions or conclusions and are intended solely for the use by Street Beats subscribers and the authorized recipients of the content. All investments involve a certain degree of risk and financial instrument prices can fluctuate based on several factors, including those not considered in the preparation of this content. Consult a financial professional before investing.