Melt-Up or Mirage? Markets Ignore Everything but Earnings

Melt-Up or Mirage? Markets Ignore Everything but Earnings

May 8, 2026 · 19 min

About this episode

Hosts discuss the implications of rising markets driven by earnings and AI, questioning if this trend signals a future downturn.

Markets are ripping higher on blockbuster earnings and AI euphoria—but on this week's markets wrap, hosts Merryn Somerset Webb and John Stepek aren’t buying the calm. From contrarian magazine covers to a looming of IPO supply, they ask whether this melt-up is masking the seeds of the next downturn. See omnystudio.com/listener for privacy information.

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