Market Update | Principle Wealth | July 2026

Bob Paolucci, CFP®, Founder & CEO, and Julina Ogilvie, CIMA®, CPWA®, Partner, and Wealth Advisor, discuss the state of the markets. The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward‐looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur. All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability, or completeness of, nor liability for, decisions based on such information and it should not be relied on as such. Principle Wealth Partners LLC is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Principle Wealth Partners and its representatives are properly licensed or exempt from licensure. For current Principle Wealth Partners information, please visit the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with Principle Wealth Partners' CRD #290180. 0:00 Introduction 1:09 Mid-Year Market Check – Positive Returns Globally 2:10 Stats From the First Half 3:44 The Bull Market Gets Deeper – S&P 493 Carrying the Index 4:30 Opportunity in the Magnificent 7? 6:05 Follow the Money 7:06 The Benefit Runs Deeper – More Investor Participation 8:44 How Markets Have Changed – Past 5 Years 11:28 2nd Half to Start with a Bang? 12:57 Christmas in July 14:49 Midterm Election Years – Choppiness Ahead? 18:13 The Federal Reserve Task Force 18:55 Inflation Expectations – Here's Your Forward Guidance 20:36 Warsh's Preferred Inflation Tool Remains Low 22:43 Strait of Hormuz – Traffic Returning to Normal... 23:18 Leading to Lower Oil Prices! 24:00 A Changing Job Market 25:16 Is AI Creating Jobs? The Data Says Yes! 27:34 Casino Royale – Leverage Bets on the Rise 30:34 Gold Dynamics – Price Effect 33:55 The Great Wealth Transfer in Action 35:23 Happy 250th Birthday, America!