Is Playing It Safe Still Working? | June 2026 Market Recap

Is playing it safe still working? Branden DuCharme breaks down what happened across the markets in June and what the charts are signaling heading into the second half of 2026 — interest rates, the US dollar, Bitcoin, emerging markets, the Magnificent 7, and gold.

This is a chart-driven technical recap: trend, momentum, and price action across every major asset class, translated into plain-language takeaways for long-term investors.

In this episode:
- Why the 2-Year Treasury leads the Fed — and the setup Branden sees in cash and T-bills
- Mortgage rates and the "higher for longer" reality for homebuyers
- The US dollar breakout and what a strong dollar means for inflation
- Bitcoin's 50%+ correction and why nobody talking about it is a good thing
- The hidden semiconductor exposure inside emerging markets
- The rotation question: where does the money go when the chip trade wobbles?
- A stock-by-stock look at the Mag 7 — including Microsoft's 35% drawdown
- Gold's ~30% correction, the $4,000 level, and the gold-to-S&P ratio
- Bonus: how index funds absorbed the SpaceX IPO

Chapters:
00:00 Cold Open
00:18 Disclaimer
00:44 Welcome & What This Episode Covers
01:04 2-Year Treasury: Why It Leads the Fed
03:17 Bond Duration Explained
04:29 Mortgage Rates: Higher for Longer
05:31 US Dollar Index: The Breakout
08:48 Bitcoin: Nobody's Talking About It
11:44 Emerging Markets: A Hidden Chip Bet
14:17 The Rotation Thesis: Where Does the Money Go?
16:42 The Magnificent 7 (MAGS ETF)
19:21 Mag 7 Stock-by-Stock: Microsoft, Meta, Apple
21:46 Amazon, Google, Nvidia & Tesla
24:53 Gold: My Favorite Pet Rock
29:15 Gold vs. S&P 500: The Ratio Chart
34:18 Bonus: SPACE, IPOs & Index Gaming
37:23 Wrap-Up & How to Reach Us

Questions, comments, or topics you'd like covered? Reach out through the website or send a message on Instagram, X, or Facebook.

ducharmewealth.com
(435) 288-3396

—

DISCLAIMER:
Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented.

Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements.