Episode
Markets Happy Hour Podcast - A Conversation in Clayton - Featuring Cynthia Kirkpatrick
- Published
- Jun 4, 2026
- Duration seconds
- 1265
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Summary
In this week's Markets Happy Hour Podcast - the first of two this week, we feature my Moneta colleague Cynthia Kirkpatrick for a "Conversation in Clayton". In beautiful Clayton we discuss our usual five lenses of the Markets Happy Hour Podcast with the perspective of Cynthia's private client base. This unique "view from Main Street" includes insights on inflation as it is being experienced by clients as well as persistently high mortgage rates (which are getting higher as the Fed seems stuck). We ask if these higher rates are deterring home sales or downsizing moves, and then look at the growing cash pile - as expressed by the soaring amount in money market funds - which now exceeds $8.3 trillion. This dry powder pile will essentially act as a backstop on markets as momentum and FOMO continue to drive flows.We do a quick consumer vibe check on AI before then moving to behavior around portfolio construction and time horizon. With thanks to JJ Kirkpatrick for the exquisite video work.