"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria." Sir John Templeton
Here is your macro breakdown for today:
The Big Tech Shift & AI Cold War 🧠
• $IBM craters 25%: Biggest dollar drop ever.
•AI squeezes budgets: Core enterprise software spend drying up.
• $AAPL rumor mills: Will they move everything to Google Gemini?
•Apple sues OpenAI: Apple launched a massive lawsuit against OpenAI for trade secret theft. Sam Altman hit back on X, saying he’s "not afraid of Apple".
The Mind-Bending $SKHY Volatility 📉
•Crazy SK Hynix ride: Fresh off its historic $29B Nasdaq ADR debut, the AI memory giant has seen jaw-dropping swings.
•Historic crash & burn: Seoul shares suffered a massive 15.4% plunge on Monday their worst single-day drop ever triggering a market-wide trading halt.
•Whiplash rebound: Over the last 24 hours, the stock whipped back violently, surging over 20%+ in US trading as options trading officially went live.
Blockbuster Bank Earnings 🏦
•As good as it gets: Record revenue across the board.
•Resilient economy: Consumers and small businesses holding strong.
•Trading boom: $BAC beats by 7% on 33% trading surge.
•Margin balances up: Derivative books showing big increases. ( retail is still buying equities at elevated levels)
•The silent elephant: Private credit went completely unmentioned.
Inflation & The Fed 📈
•June CPI cools: Soft numbers boost rate cut hopes.
•Energy divide: Striking divergence between energy vs excluding energy metrics.
•Dot plot focus: All eyes on the Fed's next policy path.
Geopolitics & Energy 🛢️
•Oil fluctuates: Crude stays high after US strikes on Iran.
•Toll scrapped: Trump cancels proposed 20% Strait of Hormuz shipping toll.
What are your thoughts?
#Macro #Markets #Stocks #WallStreet #AI #SKHynix #OpenAI
BREAKING: June CPI inflation falls to 3.5%, below expectations of 3.8%
Core CPI inflation falls to 2.6%, below expectations of 2.8%.
Month-over-month CPI inflation fell -0.4%, the biggest monthly drop since May 2020.
US stock market futures are surging on the news.
🚨 I CALLED THIS $BTC DROP BEFORE IT HAPPENED...
Earlier, I warned about the drop below $60K
Then I called bounce back to $67K-$68K
As of today, here's my roadmap:
$60K → $58K → $45K
$45K → $40K → $57K
$57K → $37K → $93K
Bear cycle is still in play, but bottom is closer than most think...
IMPORTANT: I'm one of few who called $126K $BTC ATH, as well as recent drops from $97K → $60K and $83K → $59K
Once you see that, you won't want to miss my next call
Turn on notifications. Most people will follow me too late
The only financial plan you’ll ever need:
• Stay healthy
• Prioritize family
• Grow income
• Spend less than you make
• Hold a cash reserve
• Buy term life insurance
• Invest regularly
• Manage taxes
• Have a will
• Automate everything
Do this over and over again.
On July 24th gold and crude oil get brand new contracts that trade 24/7. No weekends off. No closing bell. Todd "Bubba" Horwitz @Bubba_Trading tells Ilya Spivak @IlyaSpivak by September equities and options go 24/5 at all brokerage houses and by the end of the year he thinks every market is 24/7.
The exchanges used to be nonprofits. Now they are profit organizations and it costs them nothing to stay open longer. The entire structure of how we trade is about to change.
“Strategy is a disaster.”
Peter Schiff doubled down on Bitcoin and Strategyᴮ again.
Phong Le’s @phongle response was simple:
“Put your money where your mouth is.”
(Don’t skip the end of the clip 🥹)