Oil Cheat Sheet.
Source: Menthor Q @MenthorQpro
2025 so far:
The “Magnificent7” are no longer moving in lockstep like they did in 2023 & 2024: ✅ Meta +16.7% ✅Microsoft +13.7% ✅Nvidia +7.1% ❌Amazon -4.4% ❌Google -11.8% ❌Apple -19.5% ❌Tesla -20.2% Source: Charlie Bilello
⚠️ President Trump just put out these comments about oil and energy
President Donald Trump on Monday demanded that “everyone” needs to “keep oil prices down” or they would play “into the hands of the enemy.” ➡️“EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!,” the president said in a post on his social media platform Truth Social. Trump’s message comes after his decision to bomb Iran’s key nuclear sites over the weekend has put the world on edge that the Islamic Republic might target energy supplies in the Middle East. It wasn’t clear who specifically Trump was speaking to in his post, though he was likely addressing the U.S. oil industry. Some oil companies had warned earlier in the year that they might have to cut production after prices tumbled to multiyear lows on Trump’s tariffs and OPEC+ boosting supply. ➡️“To The Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!,” Trump said in a subsequent post on Monday.
In case you missed it: Germany’s private sector economy unexpectedly returned to growth in June.
The composite PMI rose to 50.4, up from 48.5 in May, signaling a move back into expansion territory. Manufacturing – a key sector for Germany – saw its PMI climb to 49, the highest level since 2022. While still below the long-term avg of 51.6, it's a notable improvement. The sector appears to be benefiting strongly from falling interest rates, which may help explain why Germany is currently outperforming much of the rest of the Eurozone. Source: HolgerZ, Bloomberg
Foreign investors have bought a whopping $128 trillion of US assets over the last 34 years.
Source: BofA
Countries that are home to most millionaires
Source: Investywise
US Tariffs have massive negative consequences on Japan's car exports
Source: GIR, zerohedge
In case you missed it... here's another potential source of inflation
Source: Charlie Bilello
