May’s Coffee with FourThought brings Joel Johnson and Jake MacFarlane back together for a data-heavy session covering the key macro forces shaping 2026. They cover the ongoing conflict in the Strait of Hormuz and its impact on oil prices and inflation, Jerome Powell’s final Fed meeting and what Kevin Warsh is stepping into, and why consumer sentiment and actual spending are telling different stories right now.
The conversation turns to Q1 market performance, including a notable growth vs. value divergence and a strong April rebound that reinforces the case for staying diversified and disciplined. They also break down standout Q1 earnings from Alphabet, Amazon, and NextEra Energy, explore AI capital expenditure trends, and explain what “picks and shovels” investing looks like in today’s market. The session closes with a live Q&A on inflation positioning and portfolio strategy.
Watch here: https://youtu.be/7wQC9a2cHu0
Disclaimer: This presentation is for informational and educational purposes only and does not constitute investment advice or a recommendation. Views expressed are subject to change and are based on information believed to be reliable at the time of recording. Past performance is not indicative of future results. Investment decisions should be made based on individual circumstances and in consultation with a qualified financial professional. FourThought Private Wealth is an SEC-registered investment adviser. Registration does not imply a certain level of skill or training.