The Macro Butler is back on Piggo's Trading Desk — and the war cycle just went global. 🔥⚔️
He deliver the macro playbook for a world where every theatre of conflict is simultaneously escalating and every commodity tied to war is repricing higher. The full briefing covers:

⚔️ Middle East Season 2 — ceasefire cancelled, Hormuz mines intact, Iranian oil in limbo, and oil prices reloading for the next leg higher.

Eastern Europe — Ukraine striking deep into Russia, Patriot missile factories opening in Kyiv, NATO committing to 5% defence spending, and the war of attrition showing no sign of a negotiated exit.

🛢 The Investment Thesis — own everything you need to conduct a war: energy producers, commodity miners, defence manufacturers. The sector rotation into undervalued war-cycle producers has barely begun.

💵 Dollar dynamics, Red Sea disruption, energy security, and the commodity supercycle — all connected, all accelerating.

🎧 Watch the full episode on Piggo’s Trading Desk — before the next escalation does the pricing for you.

https://themacrobutler.substack.com/p/interview-with-piggos-trading-desk-3d9

In a prime-time address from the East Room — a venue typically reserved for declarations of war, national emergencies, and moments of genuine constitutional gravity — the Manipulator-in-Chief devoted 25 minutes to relitigating the 2020 election, stoking doubts about the upcoming midterms, and presenting declassified intelligence reports so heavily redacted, years old, and evidentially thin that the most damning claim about noncitizen voters arrived as a one-page press release with no underlying evidence. The speech was delivered on the sixth consecutive day of US airstrikes against Iran, amid a foodborne illness outbreak, extreme heat, deadly Texas flooding, and an inflation rate that continues its cheerful disregard for official projections — a backdrop that presumably suggested to the communications team that pivoting to 2020 election grievances was the strategically optimal deployment of prime-time presidential bandwidth.

https://www.youtube.com/watch?v=-EL5ZYJrAHc

When the bombs are falling for the sixth consecutive day and the President's prime-time address is about the 2020 election, the art of distraction has found its masterpiece.

🚨 THE NEXT ECONOMIC SHOCK WON'T HIT EVERYONE THE SAME. 🚨

🇪🇺 Europe risks depression.
🇺🇸 The U.S. faces stagflation.
🌏 Asia is caught in the middle.

One global economy...
Three very different outcomes.

The biggest investment mistakes happen when people assume every market follows the same script.

🎯 Watch the full video to see why the next cycle could separate winners from losers—and visit https://themacrobutler.com/ to know how to position your portfolio before the crowd catches on.

The University of Michigan's preliminary July Consumer Sentiment surged from 49.5 to 54.4 — its highest since February, beating the 51.0 consensus by a country mile — in what the survey director described as sentiment climbing "on the basis of easing price pressures at the pump in recent weeks," which is a sentence so precisely time-stamped it deserves its own footnote. The footnote duly arrives: more than 70% of interviews were completed before July 7, when the US resumed its Middle East excursion and gas prices began rising again — meaning the survey that markets are celebrating today is a snapshot of how Americans felt during the brief window between the ceasefire that no longer exists and the bombing campaign that replaced it. Year-ahead inflation expectations remain at a still-elevated 4.2%, perceptions of current buying conditions remain deeply depressed relative to pre-war levels.

The consumer sentiment bounce was real — it just expired on July 7, the same day the ceasefire did.

🤵 The Macro Butler Weekly Digest 🤵

🌐 The cost of not investing in infrastructure is the most expensive bill an empire never sees — until it collapses. 🌐

Read more here: https://themacrobutler.substack.com/p/all-roads-lead-to-the-empires-last

🚨 BILLIONS ARE LEAVING... BUT THE STORY ISN'T OVER. 🚨

Capital doesn't disappear.

It goes where confidence lives.

As money flows out of the GCC, one question matters:

💰 What will it take to bring investors back?

The next winners won't be those chasing headlines...
They'll be those preserving trust.

🎯 Watch the full video to understand the forces driving GCC capital outflows—and what could spark the next wave of investment.