🇮🇳 India’s Rising Role in the Global Economy

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🇺🇸 June CPI broken down into the three main categories & their respective parts by weighting on the left. On the right, each category’s percentage contribution to the increase in the consumer price index.

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🇺🇸 Medicare’s Hospital Insurance Fund will be depleted by 2033.

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🇺🇸🇯🇵🇩🇪🇫🇷🇬🇧 2025 GDP Growth Forecasts

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🇺🇸 Mortgage Loan Applications and 30-Year Fixed-Rate Mortgage Interest Rate

Mortgage applications increased 0.8% (22.1% y/y) in the week ending July 18, after falling 10.0% the prior week, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The increase was the fourth in the last five weeks.

The effective interest rate on a 30-year fixed-rate loan edged up to 7.02% in the week ending July 18, from 7.00% in the week ending July 11.

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🇺🇸 🇨🇳 China's true defense budget is on par with the United States' and dwarfs those of its Indo-Pacific neighbors.

The chart takes relative purchasing power into account.

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🇺🇸 The market performed in reverse order again. The Russell 2K ($RUT), normally the laggard, led with a 1.53% gain, followed by the Dow Jones Industrial Average ($DJI), up 1.14%.

The S&P 500 ($SPX) grew 0.78%, and the traditional leader, the Nasdaq 100 ($NDX), brought up the rear with a 0.61% improvement.

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🇺🇸 1-Year Percent Change in the M2 Money Supply

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🇺🇸 It’s going about as well as it ever has following a 20% correction.

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This poll asked Argentinians, Brazilians, Chileans, Colombians, Mexicans, and Peruvians which of the following if they felt most aligned with the United States, China, Russia, BRICS, or the European Union. There was also an option for “no automatic alignments.”

Argentina prefers the United States (41%) and China is the runner-up (25%). Brazil is loyal to BRICS (44%), though many also say the U.S. (37%). Mexico is feeling closer to China (34%) than America (24%), which came second.

Chile was almost a tie, with the U.S. pulling 30% and China 26%. Columbia even more so (U.S. 37%, China 35%). And Peru was almost a tie between China (28%) and non-aligned (27%).

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🇺🇸 S&P 500 firms have less and less to say about inflation.

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🇺🇸 If the equal-weighted S&P 500 ($RSP) can break out to new highs like the cap-weighted ($SPY) has, expect new 52-week highs to break out as well. Currently, around 10% have done so.

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The performance of largest metals markets has been strong year to date…

Platinum is leading, up 63%. Copper has gained 43%, silver 36%, and finally gold at 31%.

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🇺🇸 Americans' Opinions of the Moral Acceptability of 20 Behaviors

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🇺🇸 Potential breakout in the EAFE Index ($EFA) vs. USA ($SPY).

EAFE represents the most developed markets outside America: Europe, Australasia, and the Far East.

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🇮🇳 🇬🇧 The United Kingdom imports more from India than they export to it.

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🇵🇱 Poland found some offshore oil.

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The Volatility of Uranium Prices

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