John Hancock's Miskin says IPO boom could be a sign of a bubbly market

Wells Fargo's Samana: Technicals are telling investors to 'Play on!'

Sameer Samana, head of equities and real assets at the Wells Fargo Investment Institute [https://wellsfargo.com/investment-institute], says that as long as the market keeps making higher highs and lows, investors should use technical indicators as a North Star to stay in the game and ride the market higher. Samana says the market's move to record levels says that broader economy is strong enough to keep the market rolling with a "turbo-boost" from artificial intelligence on top of it providing faster growth, though he does worry about the economy overheating and needing to step back. He says the most likely scenario is for the market to "take a breather" between now and midterm elections, but "starting in November, you'll start the next leg of the bull market and it would not surprise me if that one runs well into end of next year." Kevin Roth, managing director of research for the CFB Board of Standards [https://cfp.net], discusses the group's recent survey on Americans and financial fraud which found that most people have faced some rip-off attempts, but almost no one discusses it with families or reports it to authorities. Some 55% of Americans expect fraudsters to target them or someone close to them in the next 12 months [https://cfp.net/-/media/files/cfp-board/knowledge/reports-and-research/consumer-surveys/2026-americans-and-financial-fraud-report.pdf], but less than 40% are confident they would catch every type of fraud they might face and avoid being ripped off. Plus, Josh Stevens, chief investment officer at CresAlta Investment Management [https://resalta.com] — which in May launched CresAlta Global Dividend and CresAlta Small and Mid-Cap, ETFs based around high-conviction growth strategies — talks stock investing now in the Market Call.

BNP Paribas' Morris says the big worry now is economic 'overheating'

Daniel Morris, chief investment strategist at BNP Paribas Asset Management [https://bnpparibas-am.com], says that his primary concern right now is the risk that the economy could overheat, thanks to above-trend growth and inflation that could prompt the Federal Reserve to raise interest rates in an effort to slow things down. If that fails to cool inflation, the economy could then struggle and the market could step far away from its current uptrend. Morris' base case, however, is for continued earnings growth that can power the market into 2028, noting that while growth will slow down, there is still plenty of room to keep going and not have the economy resemble past bubble times. In The Book Interview, Chad Bown [https://chadpbown.com], co-author of "'How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy [https://simonandschuster.com/books/How-to-Win-a-Trade-War/Soumaya-Keynes/9781668221310]," discusses how there are reasons and ways for trade-war scenarios to play out well, and the trade-offs today's leaders would have to make for current trade tensions to pass without plunging the global economy into a deep funk. In "The Week That Is," Vijay Marolia [https://vijaymarolia.com], chief investment officer at Regal Point Capital [https://regalpointcapital.com], discusses why he will continue to ride with Micro Technology, even as it reports growth numbers that are hard to believe, nt notes that he is giving Nike the boot, especially when he compares it to another popular rival in the public eye during the World Cup, adidas. Plus, he worries about how artificial intelligence may make inflation stickier for longer.

ChartPattern's Zanger: The market 'needs some Prozac, that's for sure'

Veteran analyst Dan Zanger, chief technical officer at ChartPattern.com [https://chartpattern.com], says the market right now is showing swings and moves that are reminiscent of the Internet bubble days of 2000. While that doesn't mean the market is headed for the same result, he says it creates more challenges for traders and investors, in part because they are trying to read the market off of wild swings and fast reversals. "It's definitely a very bifurcated market," Zanger says in discussing the tech and artificial-intelligence companies compared with everything else. "It needs Prozac, that's for sure." We go Off The News with Robert Farrington, founder of The College Investor [https://thecollegeinvestor.com], examining the new student-loan repayment assistance plan and changes in student-loan lending limits [https://thecollegeinvestor.com/82225/new-graduate-school-loan-limits-start-july-1-what-students-need-to-know/], both of which go into effect on July 1. Farrington says these changes will help students and parents with the personal finances around college education, helping them focus on the value of the degree, noting that the loan limits are a "stop sign," where the government is suggesting that when someone takes on more debt, they are running much higher risk of not earning back the money they put into getting their degree. He notes that this is particularly important with master's degrees, where many grad students pay up for a diploma that doesn't repay their investment in the extra training. With private credit being an increasingly popular part of investment strategies these days, John Cole Scott, president of CEF Advisors [https://cefdata.com] — the chairman of the Active Investment Company Alliance [https://aicalliance.org] — attended the Private Credit Summit hosted this week in New York City by Dechert LLP, and came away with a sense that private-credit markets have not yet gotten to the overheated levels that could turn investor fears of a blow-up into a financial reality. Scott discusses how big business development companies passed "stress tests" designed to show if they would break under severe market conditions, how insurance companies making investments into private credit are raising underwriting standards and thereby reducing the risk in private credit markets and more.

3Edge's Folts: Be diversified, because 'It's impossible to game where this goes'

Fritz Folts, chief investment strategist at 3EDGE [https://3edgeam.com] Asset Management, says he has pulled back slightly on equity exposure but gone deeper into a diversified approach because the market has been crazy, driven by investors' fear of missing out, sky-high expectations and more, to the point where the key is to participate and not be wrong because you are taking chances on what amounts to a wild guess. If Folts had to guess, he'd expect the stock market to have a bumpy ride in the second half of the year, finishing roughly flat from current levels. Michael Monaghan, founder and portfolio manager of the Founder ETFs [https://founderetfs.com] makes his debut in the Market Call, talking about his firm's methodology, which focuses on companies where the original founder remains in the driver seat. Research shows that founder-led companies tend to outperform for several reasons, notably that the entrepreneurs behind them have a long-term vision and are not swayed by short-term market noise or pressured to produce a quarterly profit. Monaghan, who runs the Founders 100 ETF, discusses how founder-CEOs influence giants like Nvidia and Meta Platforms and how a portfolio of these stocks can expect more stable long-term performance. In the ETF of the Week segment, Todd Rosenbluth, head of research at VettaFi [https://vettafi.com], focuses on a value fund from T. Rowe Price that just hit its third anniversary, gaining roughly 30 percent over the last 12 months

Schwab's Sonders on the need to diversify your strategy in A.I.

Liz Ann Sonders, chief investment strategist at Charles Schwab & Co. [https://schwab.com], says that "there is so much short-attention-span money driving the market right now ... looking for the shiny new object," that investors want to diversify throughout artificial intelligence businesses [https://schwab.com/learn/story/us-stock-market-outlook], taking profits and rebalancing especially when specific stocks go parabolic, to capture profits and avoid some of the volatility being created by enormous expectation levels. Sonders says that an "aggregate recession" remains "a ways away," but she notes that there have been rolling recessions, with services weaking currently, coming off a manufacturing decline earlier in the year. As a result, she suggests considering sectors that could be in line for pullbacks rather than expecting a credit crunch or a mistake by regulators to create a broad-based decline. Justin Baer discusses his new book, "House of Fidelity: The Rise of the Johnson Dynasty and the Company That Changed American Investing [https://justinbaerbooks.com]," and digs into some of the details that turned the notoriously secretive and private company from a firm for Boston elites into a the investing powerhouse whose accounts and funds touch the lives of one in five American adults. Niki Glen, [https://nikiglen.nm.com] Northwestern Mutual wealth management advisor discusses the latest data from Northwestern Mutual's 2026 Planning & Progress Study [https://northwesternmutual.com/planning-and-progress-study-2026], which showed that true financial independence remains beyond the grasp of many Americans. One in five U.S. adults believes they will never achieve financial independence, which is borne out in survey results showing that more than 40 percent of adults — including a surprisingly high percentage of Baby Boomers, who are all at or beyond retirement age — continue to rely on their parents for financial support. More than half of Millennials (who range between 30 and 45 years old) were still dependent on financial help from their family.