🇺🇸 Last Week’s Returns Leaderboard (Week Ending in 8/8)

The Nasdaq (+3.9%) and the Mag 7 (+5.3) in particular did well in the past week of trading, as did European & German stocks (~ 4.0 each)…

Oil had a rough time as it dropped 5.1%, followed by the Dollar (-0.9) and the 30-year U.S. Treasury bond (-0.7).

🔼 CHART WATCH 🔽

🇩🇪 German economic numbers are starting to test COVID ranges.

Believe it or not, this is not a great sign. This is the country they wanted you think was “the new safe haven” in April…

📉 CHART WATCH 📉

🇺🇸 The M2-to-GDP ratio is stabilizing under the long-term trend in growth thereof…

📈 CHART WATCH 📉

Bitcoin dominance ($BTC.D) is cozying up between the two support lines.

Alt season on the way? We’ll see if it recovers like November, but the alt charts do look a little froggy (not to mention $ETH).

🪙 CHART WATCH 🪙

🇺🇸 MAG 7 vs. S&P 500 vs. S&P 493 - Net Income Growth

📊 CHART WATCH 📊

🇺🇸 25-Year Low in Health Care vs. S&P 500 - Market Shift Ahead?

📉 CHART WATCH 📉

Ethereum ($ETH) has awakened. Will it catch up?

🔷 CHART WATCH 🔷

Bitcoin reached its highest point since July 14th.

$BTC seems to be mounting another challenge to resistance…

🟠 CHART WATCH 🟠

🇺🇸 More confirmation of contraction in employment.

📉 CHART WATCH 📉

🌎 Bitcoin reached its highest point since July 14th.

$BTC seems to be mounting another challenge to resistance…

👨‍🦳 CHART WATCH 👨‍🦳

🌎 Global central bank net gold purchases have slowed amid a record rally in gold prices…

Gold shed 1.32% yesterday.

🪙 CHART WATCH 🪙

🇺🇸 “American companies are on pace to repurchase over $1.1 trillion of their shares in 2025, an all-time high.”

📊 CHART WATCH 📊

🇺🇸 The largest stock buybacks authorized thus far this year…

📊 CHART WATCH 📊

🇺🇸 Soybeans intrigue, no?

📊 CHART WATCH 📊

🇺🇸 Offices out, data centers in.

📈 CHART WATCH 📉

🇺🇸 In gray, the nominal yield. In yellow, inflation expectations. And in …teal? Real yield.

For 2020 & 2021, incredibly well justified inflation expectations drove growth in nominal yield until the fastest hiking cycle in history was initiated by the Fed. From 2022 to well into 2023 after the cycle ended, it was growth in real yield pushing nominal yield up.

All of the above are stable lately.

📈 CHART WATCH 📈

🇩🇪 What do Germans think about shutting down their arms trade with Israel? Here’s how the ARD-DeutschlandTrend survey worded it:

Germany should no longer send weapons to Israel for the time being because of Israel's actions in the Gaza Strip.

Yes (blue), cut Israel off? No (red), continue selling them arms. Or “don’t know” (gray).

75% of Germans said “yes.”

It’s also broken down East/West, by age bracket, and by political party. The parties with the greatest interest in selling arms to Israel were SPD (21%) and CDU/CSU (18%), but all of the listed demographics were at least 70% against that.

🚀 CHART WATCH 🚀

🌎 The total crypto market cap has cracked $4 trillion.

📈 CHART WATCH 📈

🌎 The only two other times Brent crude traded this low against the S&P 500 were in 1999 & 2020.

🛢 CHART WATCH 🛢

🇺🇸🇯🇵🇪🇺 Global Inflation Rates

📈 CHART WATCH 📉

🇮🇳🇺🇸🇷🇺 The U.S. share of India’s exports, and Russia’s share of India’s oil imports…

🆙 CHART WATCH 🆙