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.
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Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co
Not investment advice. For informational purposes only.
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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 thoughts