1.
The Fed Isn't Data-Dependent. The Fed Is Treasury-Dependent.
2.
The 6.4% Question: What You Give Up for a Preferred Yield
3.
Mapping Americans' Per Capita Health Care Spending By State
Health care represents a major share of consumer spending in America, but the amount spent per resident varies considerably by location.
New data from the U.S. Bureau of Economic Analysis highlights the differences in per-capita health care spending across the country in 2024.
The map below, via Visual Capitalist's Srijaa Chatterjee, ranks every state using the latest Personal Consumption Expenditures by State data from the BEA.
4.
📈 Bond Yields Are Breaking Out!
Hey, I wanted to touch base with you about the bond market. The 10-year Treasury yield just broke above 4.5%, which is a pretty significant move. This could be a sign that investors are getting more aggressive and willing to take on risk in a rising rate environment. The yield curve is also steepening, which can be a good indicator for economic growth. I think this is worth keeping an eye on, especially if you're invested in fixed income.
The yield on the 10-year Treasury is now at 4.55%, up from 4.28% just a week ago. This is a pretty big move, and it's a sign that investors are getting more confident in the economy. The yield curve is also steepening, which means that shorter-term bonds are paying lower interest rates than longer-term bonds. This can be a sign that investors expect the economy to grow faster in the future.
I know it's not directly related to stocks, but it's worth keeping an eye on if you're invested in the market. The S&P 500 is still trading in a tight range, but it's worth monitoring the bond market to see if it has any impact on stocks. I'll be out of the office for a bit starting July 26th, but I'll make sure to catch up with you when I get back.
For listeners who want low-fee crypto exposure, our markets partner Kraken supports Bitcoin — link in show notes.
5.
Q2 Earnings Season Starts With...Completely Acceptable Numbers
The Q2 earnings season has begun, with our Portfolio’s biggest gold/silver miner reporting on July 23.
We’ve all been wondering how miners’ earnings and cash flow would withstand Q2’s lower metals prices. And if these results are any indication, the answer is: They’re holding up pretty well, with cash flow down a bit but still among the top three quarters in company history. In other words, high-quality precious metals miners are still among the most profitable companies in the world.
6.
STX Stock: Buy, Sell or Hold in July 2026
New positions should wait.
STX just turned bullish again, but earnings land in five days and that adds risk.
Existing positions should hold.
The trend just flipped back up, so there is no reason to sell yet, but this is a name to watch closely into earnings.
The PIMM Score is back to a 4.
That is a strong reading.
It follows about a month of selling pressure, so this is a fresh signal, not an established trend yet.
The Market Terminal Overall Rating sits at 75 out of 100.
That is just under the 80 mark we consider strong.
The individual pieces tell a more encouraging story.
Future Earnings sco
7.
TTG EOD Market Review⚡: Positions, Themes & Global Trend Portfolio
Traders-
Here is your end of day Market Recap:
💹 Today’s Market Themes
QQQ teetering but holding June support / Bios Holding Up Well
Macro: Bonds TLT -0.3% / Dollar UUP +0.4% / VIX +12%
Crude 6% $92 , Dollar +
Aero & Defense, Industrials, Health Care, Utes +
Cons Discr, Comm., Software, Cyber, Miners, Internet -
Index Review SPY QQQ IWM
🎥 End of Day Market Recap Video
📈 % from Open + Themes 📉
🧰 “Out of the Box” Proprietary Stock Screen🧰
Notes Regarding the Below Lists:
Names trending above their Value Area on 3 different timeframes
Uses Volume at Price — MarketWebs (MW) Trading System learn mo
8.
S&P 500 Falls as Credit Spreads Widen and Real Yields Surge
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Stocks finished the day lower, with the S&P 500 falling more than 1.2%. The losses were concentrated in the megacap technology stocks and Tesla. It could have been worse, however, had it not been for a roughly 30-basis-point rally in the final 10 minutes of trading.
9.
WAR ON TWO FRONTS Explodes Oil Prices, Causes Stock-Market Priesthood to Declare they Were Shortsighted
The NASDAQ plummeted like a missile, falling more than 2% today, and the Dow dropped 500 points. Even the point fall of the smaller NASDAQ was greater than the Dow. And the reason was the war, which has roared back into life and spread wider with the Houthis opening a second front by taking control of the Red Sea. As a result, oil prices soared upward to take Brent Crude over $101/bbl at one point of the day, finally settling at just over $100.
The funny part came in hearing mainstream financial media finally concede that the market has been “shortsighted” about the war.
10.
Futurist ETF(FUTR) $LMT Q2: Earnings Report
Welcome back to the FUTR ETF subscriber update.
When you think of a futurist portfolio, your mind probably jumps straight to artificial intelligence, genomics, or next-gen software. But the reality is that the future of global security is becoming one of the most technologically demanding sectors on the planet. This is exactly why we hold Lockheed Martin ($LMT) in the FUTR portfolio.