Job openings kick off a host of labor-related data, and Powell speaks on a panel this morning. Budget and trade chatter are also top of mind as markets keep setting highs.

Jobs data dominate a holiday-shortened week, highlighted by Thursday's June payrolls. Stocks hit new record highs Friday despite trade tension with Canada. Powell talks tomorrow.

Israel-Iran hostilities brought a short-term market focus on oil. Longer term, artificial intelligence (AI) electricity needs could create a power shortage, as well as opportunities and risks for investors.

The S&P 500 is creeping higher into all-time-high territory as investors appear poised to close out a volatile second quarter on a positive note.

Crude oil futures (/CLQ25) ended Friday’s session slightly higher as prices return to levels seen prior to the start of the most recent Iran/Israel conflict.

Tax policy may continue to be a factor in the second half of the year, although Congress looks likely to maintain current tax brackets and the muni tax exemption.

The S&P 500 is on track to close at record highs as optimistic investor sentiment and bullish technical momentum propel risk assets higher. Are indices set to climb higher or will recent trade turmoil put a pause on the bull run?

Mike Townsend joins the show to discuss the news out of Washington, the evolving geopolitical landscape, and the market's reaction.

We continue to suggest an "up in quality" fixed income bias for the short run, but investors can still consider some of the riskier parts of the fixed income market in moderation.