This Week in Review | Market Volatility, Tariffs, SpaceX (July 24, 2026)

The economy and markets can feel dizzying and ever changing. That’s where we can help. Fisher Investments’ “This Week in Review” is a weekly segment designed to highlight a few things you may have missed this week, what they could mean for financial markets and why they matter to investors like you. This week, Fisher Investments reviews: • Recent market volatility • Tariff announcements • SpaceX earnings date Below are the sources for all data cited in today’s show: 1. Source: FactSet, CoinMarketCap, and Finaeon, as of 7/24/2026. MSCI World Total Return Index, Brent crude oil, Bitcoin close price, & US Treasury Constant Maturity, 10-Year Yield, daily, 7/20/2026 – 7/24/2026. 2. Source: Macrobond, as of 7/23/2026. Brent crude oil futures positioning (open interest) across the futures curve, August 2026 – May 2027. 3. Source: The Wall Street Journal, as of 7/22/2026. “Trump Imposes Additional 50% Tariffs on Certain Canadian Goods,” 7/20/2026. 4. Source: CNBC, as of 7/21/2026. “SpaceX sets earnings date, triggering first lock-up expiration for millions of shares.” 5. Source: Nasdaq, as of 7/24/2026. Space Exploration Technologies Corp. (SPCX) price performance, 7/7/2026 – 7/24/2026. 6. Source: LSEG, FactSet as of 7/21/2026. Screens for US-domiciled IPOs (excluding SPACs) and S&P 500 returns from 1/1/1990 – 5/24/2024, monthly prices through 5/24/2026. IPO data begins at a given stock’s first closing price. Want to dig deeper? • Why tariff announcements lack surprise power: https://www.fisherinvestments.com/en-us/insights/market-commentary/latest-tariff-threats-lack-terror-for-markets • What you need to know before buying an IPO: https://www.youtube.com/watch?v=tn65mxE36z8 Have feedback for this Fisher Investments video? Share your thoughts on this episode in just 1 minute by filling out this survey: https://fi.co1.qualtrics.com/jfe/form/SV_6Vw1ezlogR044S2?VideoCode=WeekInReview24July2026 Connect with Fisher Investments on: • Facebook - https://www.facebook.com/FisherInvestments • X - https://twitter.com/fisherinvest • LinkedIn - https://www.linkedin.com/company/fisher-investments • Instagram - https://www.instagram.com/fisher.investments/ • TikTok - https://www.tiktok.com/@fisher_investments You can also follow Ken Fisher here: • Facebook - https://www.facebook.com/KenFisher.FisherInvestments • X - https://twitter.com/KennethLFisher • LinkedIn - https://www.linkedin.com/in/ken-fisher/ • Instagram - https://www.instagram.com/kenfisher_fisherinvestments/ Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.