Good Morning from Germany, where electricity prices on the energy exchanges have surged again – topping €100 per megawatt hour. So far this year, prices have crossed that level on 68 days. At these rates, building and operating large, energy-hungry data centers in Germany https://t.co/vFsArF5OOD
— Holger Zschaepitz (@Schuldensuehner)
Jul 20, 2025

Good Morning from #Germany, where over 60 of the country’s top companies have kicked off a major new investment push worth at least €100bn. The goal: to help revive Europe’s largest economy, which has been stuck in a prolonged slump.
One of the biggest concerns is that business https://t.co/uOTgqRmCjw
— Holger Zschaepitz (@Schuldensuehner)
Jul 21, 2025

Opendoor is the market’s latest Meme Stock w/insane trading volumes. Shares of the San Francisco-based tech group that focuses on the stagnant real estate sector have nearly tripled in value over the past week. The rally appears to have been sparked by a prominent investor https://t.co/JocvWyOliD
— Holger Zschaepitz (@Schuldensuehner)
Jul 21, 2025

2021 vibes: Calls are almost 70% of the total market volume … hasn’t been this high since the 2021 meme days, Goldman's Garrett warns. https://t.co/pqTGoTkeKA
— Holger Zschaepitz (@Schuldensuehner)
Jul 21, 2025

Good Morning from Germany, where annual working hours are among the lowest in the world – and even that might be overstated. On avg, employees take 31 vacation days a year, plus at least 9 public holidays, many of which cluster between Easter and early June when offices are often https://t.co/z9K0CuVHo9
— Holger Zschaepitz (@Schuldensuehner)
Jul 22, 2025

The meme stock frenzy is making a comeback. Retail investors seem to be targeting the most shorted stocks again — one by one. The latest name to catch their attention is Kohl’s (KSS), which now appears to be joining the meme stock rally. https://t.co/DtShHyeqpq
— Holger Zschaepitz (@Schuldensuehner)
Jul 22, 2025

Nikkei jumps and Yen gains as #Japan's assets enjoy relief from US trade agreement. The headline 15% reciprocal tariff is a considerable discount from the 25% in the letter earlier this month. Toyota shares rising as much as 10% after NHK reported the US would impose a tariff https://t.co/Mi24v5uME8
— Holger Zschaepitz (@Schuldensuehner)
Jul 23, 2025

Good Morning from Germany, where auto stocks are rallying on hopes that Europe can secure a trade deal w/the US similar to Japan’s. Under the new US-Japan agreement, all Japanese imports — incl cars — will face a flat 15% tariff. That’s good news for Japanese carmakers, as it https://t.co/WQhSr16KiA
— Holger Zschaepitz (@Schuldensuehner)
Jul 23, 2025

OUCH! #Japan’s 10y bond yields have jumped to their highest level since 2008, driven by growing fiscal concerns. The spike came after President Trump announced a trade deal w/Japan. It appears Japan may be covering part of the cost of US car tariffs by using its own investment https://t.co/TzSuliHeEy
— Holger Zschaepitz (@Schuldensuehner)
Jul 23, 2025

German benchmark index Dax jumps in AH trading after headlines the EU and the US are progressing toward an agreement that would set a 15% tariff for most products. Member states could be ready to accept a 15% tariff and EU officials are pushing to have that cover sectors https://t.co/1RgOJ0WqWH
— Holger Zschaepitz (@Schuldensuehner)
Jul 23, 2025

Good Morning from #Germany, where consumer confidence is slipping due to ongoing economic uncertainty and frustration w/the new political coalition. The GfK consumer climate index dropped for the 2nd straight month, falling to -21.5 in the Aug forecast – down 1.2 points from Jul. https://t.co/J9YQZALdKT
— Holger Zschaepitz (@Schuldensuehner)
Jul 24, 2025

OOPS! German business activity continued to grow marginally in July, though at a slightly slower pace than in June. The German flash composite PMI fell to 50.3 points in July, down from 50.4 in June and below the 50.7 forecast in a Reuters poll. https://t.co/mQBunGV3p0
— Holger Zschaepitz (@Schuldensuehner)
Jul 24, 2025

#ECB leaves its key deposit rate unchanged at 2% as expected. ECB not pre-committing to a particular rate path. Will follow a data-dependent, meeting-by-meeting approach. Says domestic price pressures have continued to ease, and wages are growing more slowly. The economy has so https://t.co/2NXSl5eA5G
— Holger Zschaepitz (@Schuldensuehner)
Jul 24, 2025

#ECB sentiment moved a bit hawkish during the presser, leading traders to scale back their expectations for rate cuts this year. Markets now anticipate only 19bps of easing for the rest of the year. https://t.co/FH8F14Zmky
— Holger Zschaepitz (@Schuldensuehner)
Jul 24, 2025

Good Morning from Germany, where the latest Ifo Business Climate Index suggests the economy is holding up surprisingly well despite rising tariffs. The index edged up from 88.4 in June to 88.6 in July – slightly below expectations (89.0). This marks the 7th consecutive monthly https://t.co/VSs1GqZBDA
— Holger Zschaepitz (@Schuldensuehner)
Jul 25, 2025

It's all about liquidity: The S&P 500 has reached a new all-time high, driven by record levels of the US money supply. https://t.co/SV1uBtlNZ7
— Holger Zschaepitz (@Schuldensuehner)
Jul 26, 2025

Good Morning from #Germany, where Deutsche Bank just reported its highest profit since 2007. But on the global stage, it’s still falling behind. With a market value of just $65bn, Deutsche pales in comparison to giants like JPMorgan, which is closing in on a $1tn valuation. Even https://t.co/fEKtyFLiH4
— Holger Zschaepitz (@Schuldensuehner)
Jul 26, 2025

Retail investors are winning big this year – meme stocks are back. The Goldman Sachs Meme Stock Index, which tracks some of the market’s most shorted names, is up 39% – a full 30 percentage points ahead of the S&P 500. Even the Goldman Sachs Retail Favorites Index, packed with https://t.co/tg0etRNSb1
— Holger Zschaepitz (@Schuldensuehner)
Jul 26, 2025

Good Morning from #Germany, where hopes are high for a quick trade deal w/the US ahead of next Friday’s deadline. With a trade surplus of €69bn, Germany is even willing to accept an asymmetrical deal — one where European exports face a 15% US tariff, while American goods enter https://t.co/JdoL8wHv36
— Holger Zschaepitz (@Schuldensuehner)
Jul 27, 2025

EU, US clinch deal to avoid Trump tariff hike ahead of deadline: Agreed on 15% tariffs across the board. 15% agreement includes Autos. EU deal will not include pharma. Trump says EU to buy hundreds of billions of dollars in military gear. Trump says energy is important component https://t.co/8EmsgMofoJ
— Holger Zschaepitz (@Schuldensuehner)
Jul 27, 2025