31 Jul 2025
US real GDP beat expectations (+3.0pct vs. +2.3pct according to consensus) but “Growth” is misleading.
Q2 real GDP +3.0% was inflated by a +5.6% boost from COLLAPSING imports (a subtraction in GDP math). Real economy: Investment -2.1% Exports -0.19% Consumer spending only +0.8% So ‘real economy’ is not collapsing but looks soft Source: The Coastal Journal
31 Jul 2025
Economists who translate the CPI and PPI into the PCE expect monthly core inflation firmed in June. BEA reports this on Thursday.
Core PCE estimate: +0.29% (highest since February), which would push the year-over-year to 2.8% Headline PCE: +0.32% (y/y rises to 2.5%) Source: Nick Timiraos @NickTimiraos
31 Jul 2025
Foreign Investors now own 18% of U.S. Equities, the most in history.
Source: barchart
31 Jul 2025
Where is doge ?
Source: Michel A.Arouet
31 Jul 2025
U.S. Dollar Index $DXY now on a 4-day winning streak and is at its highest level in more than 1 month 📈📈
Source: barchart
30 Jul 2025
US earnings growth outperforming.
Source: @fundstrat thru Mike Zaccardi, CFA, CMT, MBA
30 Jul 2025
Small Cap Stocks are trading at the largest discount relative to Large Caps in AT LEAST 25 years
Source: Barchart
30 Jul 2025
The US has got the softest inflation surprises on Earth...
Could this influence the FOMC tomorrow??? Source: Andreas Steno Larsen @AndreasSteno, Macrobond
