4/21/2026 - Why is the stock market rallying despite the Iran war? What does it mean for the securities industry that the SEC’s head of enforcement resigned?

6/9/2026 - After the strong jobs report, do you think we’ll get a rate hike? Should we expect the private credit situation to get worse?

Phil, Mike, and Larry discuss the possibility of a rate hike after Friday’s strong jobs report showed nonfarm payrolls in May increased more than double what Wall Street economists had expected, and pushed the 10-year Treasury bond past 4.5%. They then discuss private credit’s return to the headlines after Blackstone limited redemptions from the biggest private credit fund of its kind, at 5%, after investors requested 10%. Submit your questions to question@2questiontuesday.com [question@2questiontuesday.com] As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

6/2/2026 - Is the SpaceX IPO a sign that the market is in a bubble? What’s the best habit for keeping emotions out of money decisions?

Phil, Mike, and Larry discuss the market capitalization of SpaceX’s initial public offering, about $1.75 trillion, and its ridiculous price-to-sales ratio of 93.7, with the 81% rise in the Philadelphia Semiconductor Index this year, and wonder if this means the market is in a bubble? They then talk about the stock market hitting new highs vs. how investors feel about the market and the economy, and ask what’s the single best habit for keeping emotions out of money decisions. Submit your questions to question@2questiontuesday.com [question@2questiontuesday.com] As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

5/26/2026 - Will SpaceX transform the stock market and soon enter index funds? Will the Federal Reserve raise interest rates this year?

Phil, Mike, and Larry discuss the SpaceX IPO, as well as the expected IPOs of Open AI and Anthropic, whether these new stocks will soon enter index funds, and how these IPOs will transform the stock market. They then talk about how Federal Reserve officials have been talking about dropping the Fed’s easing bias and raising interest rates if inflation continues to remain above 2%. Submit your questions to question@2questiontuesday.com [question@2questiontuesday.com] As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

5/19/2026 - What’s your reaction to the surge in the Producer Price Index? What’s going on in the bond market?

Phil, Mike, and Larry discuss how the Iran War caused a spike in the Producer Price Index, a key inflation number. In April, the PPI rose 1.4 percent, the fastest one-month increase in four years, and jumped 6 percent from a year ago, nearly triple what forecasters had expected. They then talk about how inflation fears caused a global bond rout which pushed the yield on the 10-year Treasury bond past 4.6% to hit its highest point in 15 months. Submit your questions to question@2questiontuesday.com [question@2questiontuesday.com] As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

5/12/2026 - What do the jobs numbers tell us about the economy? How will the market and interest rates react to Kevin Warsh becoming Fed Chair?

Phil, Mike, and Larry discuss Friday’s jobs report which said nonfarm payrolls rose 115,000 in April, down from the 185,000 created in March, and what these numbers tell us about the economy. Then they talk about the expectation that the Senate will confirm Kevin Warsh as Federal Reserve chair for a four-year term this week, how this will affect interest rates, and what the market reaction will be. Submit your questions to question@2questiontuesday.com [question@2questiontuesday.com] As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.