Jake flies solo this week while Jeff escapes the Texas heat, but that doesn’t stop the markets—or the commentary—from heating up. The S&P 500 hit new all-time highs despite a cascade of bad news, including shrinking GDP, falling consumer spending, and a housing market in a 2008-style funk. Jake untangles this economic knot with his usual mix of insight and dry wit.

Also on deck: the mysterious “Rio Reset,” BRICS nations plotting dollar workarounds, and why gold might be the new global handshake. Plus, a reminder that recessions, like exhaling, aren’t the end of the world—just part of the cycle.

Along the way, Jake explores why confidence matters more than numbers, how the bond market seems to be ignoring the Fed, and why housing data may be the canary in the coal mine. This episode is part education, part economic therapy, and 100% The Personal Wealth Coach.

This episode was recorded on June 27th, 2025.

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** The information provided in this episode is for educational purposes only and should not be considered investment advice. We are “The Personal Wealth Coach,” which is also the name of an SEC-registered investment advisory firm. However, being registered with the SEC does not authorize us to provide investment advice. Investment advice should be personalized, offered in a private setting, and be in the best interests of the individual as a fiduciary. If we make any fraudulent statements, you should report them to the SEC. The information presented in this educational episode has been obtained from sources that we deem to be reliable, but we make no warranty or guarantee as to the completeness or accuracy of said information.