🇺🇸🇪🇺🇯🇵🇬🇧 Central bank balance sheets are shrinking across the G4.

The Fed, the European Central Bank, the Bank of Japan, and the Bank of England have reduced their asset holdings by an average of ~$110 billion/mo over the last 6 months.

📈 CHART WATCH 📈

🇺🇸 Market concentration is increasing.

📈 CHART WATCH 📈

🇨🇳 China’s Falling Property Prices

📉 CHART WATCH 📉

🌍 Temperature drives CO2 changes, not the other way around.

Note in the chart that the HadCRUT5 temperature plot is shifted forward by 4 months, and that CO2 level changes match the temperature changes after that lag.

📈 CHART WATCH 📈

🇺🇸 The status of Strategic Bitcoin Reserve legislation across America...

Were the measures currently pending in all 26 of these states to pass, 262,577 BTC totaling over $28 billion in dollar terms would have to be purchased.

💸 CHART WATCH 💸

🌍 The price of copper, 1850-2025…

Copper's price history is a story of its fundamental link to industrial progress and economic health, marked by significant cycles driven by major global events, technological changes, and shifting supply-demand balances, with the energy transition being the dominant theme today.

📈 CHART WATCH 📈

🇺🇸 The delinquency rate of multi-family housing—watch this space.

🏠 CHART WATCH 🏠

🇹🇷 🇺🇸 The Turkish Lira is down another 11.37% year to date against the Dollar.

That’s -85.21% since 2020 and -96.27% since 2010 as well.

But then again, it lost 99.57% from July 1990 to July 2000, so this is not Turkey’s first (or second) rodeo.

📉 CHART WATCH 📉

🇵🇱>🇬🇧 Will Poland Overtake the UK? Sure looks like it.

📈 CHART WATCH 📉

🇬🇧 Opinium poll June 25-27:

REFORM~NI: 30%
LAB-S&D: 25% (+1)
CON~ECR: 17% (-1)
LDEM-RE: 12%
GREENS-G/EFA: 9%
SNP-G/EFA: 2% (-1)
PC-G/EFA: 1%

+/- from two weeks prior.

📊 CHART WATCH 📊

🚘 The Porsche-to-Gold Ratio…

🪙 CHART WATCH 🪙

🇺🇸 The S&P 500 ($SPX) has rallied from -18% to a 1 year high within 3 months…

Also, other times this occurred since 1933.

📈 CHART WATCH 📈

🇺🇸 There’s no question about it. I’ve been saying this since the pandemic. Leaving the health risks of fast food entirely to the side…

You can get the casual dining takeout faster than a drive-thru during anything but the slowest periods. It will taste better than fast food, they will be less likely to screw the order up, and the pricing is competitive!

👎 CHART WATCH 👎

🇰🇷🇺🇸Auto exports to America are important to the South Korean economy, but the new government in Seoul is still in early stages of negotiation with the Trump Administration.

📈 CHART WATCH 📉

🇪🇺 Capital Gains Tax Rates in Europe

📊 CHART WATCH 📊

Supply has begun to eclipse demand…

💸 CHART WATCH 💸

🌍 Global Nuclear Investment Doubles

💥 CHART WATCH 💥

🇺🇸 Dirty Rotten Congress vs. the S&P 500 ($SPX)

📈 CHART WATCH 📈

🌍 Global Equity Valuation Indicators

Small & value are undervalued against large & growth, just like Dotcom, but this time, global equities are undervalued against US equities as well…

📉 CHART WATCH 📉