The Open Bell — Ep. 027 — 29 Jul 2026

Today on The Open Bell: Iran fired ballistic missiles at US troops in the Middle East overnight, every one was intercepted, and oil prices surged more than 4% anyway, because markets don't price what happened, they price what comes next. The Fed held rates steady for the fifth meeting in a row, which sounds boring until you realise your mortgage rate and your savings rate have both been frozen since December while a Middle East conflict quietly pushes prices higher. South Korea's stock market triggered a trading halt today after SK Hynix, one of the world's biggest AI memory chip makers, reported record profits and still saw its stock tumble more than 15%, which tells you everything about how brutal the expectations game has become in the AI trade. If today's episode helped you cut through the noise, a five-star rating on Apple Podcasts or Spotify takes about ten seconds and genuinely helps other people find the show. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:07 Iran Launches Ballistic Missile Salvo at US Forces; Oil Surg 02:51 Fed Holds Rates at 3.50–3.75% for Fifth Straight Meeting Und 05:15 South Korea's KOSPI Tumbles 8%+ as Chip Rout Deepens on SK H 07:10 Closing thoughtsSupport the show