This Week in Review | US-Iran Conflict, US Inflation, New UK Prime Minister (July 17, 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: • US-Iran Conflict • US Inflation • New UK Prime Minister Below are the sources for all data cited in today’s show: 1. Source: MarketWatch, as of 7/17/2026. Brent Crude continuous contract, 1/1/2026 – 7/16/2026. 2. Source: MarketWatch, as of 7/17/2026. Brent Crude continuous contract, 1/1/2022 – 12/31/2022. 3. Source: MarketWatch, as of 7/17/2026. Brent Crude continuous contract, 7/16/2026. 4. Source: U.S. Bureau of Labor Statistics, as of 7/14/2026. Y/y US Headline and Core CPI Inflation, January 2026 – June 2026. 5. Source: Macrobond, as of 7/6/2026. Y/y percent change in M2 (money supply) for US, UK, eurozone and Japan, local currencies, monthly, May 2025 – May 2026. Want to dig deeper? • What June’s inflation cool down means for markets: https://www.fisherinvestments.com/en-us/insights/market-commentary/on-the-june-inflation-cooldown • How bond markets are reacting to a UK politics shakeup: https://www.fisherinvestments.com/en-us/insights/market-commentary/global-vs-local-uk-bond-yield-edition 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=WeekInReview17July2026 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.