🇺🇸 The Treasury 2-year yield is trading at the highest level since February 2025.

🇺🇸 US gasoline prices rose above $4 a gallon for the first time in a month.

🇺🇸 National average gas prices are $0.002 away from $4 per gallon.

Here's how global assets performed in the week ending July 17, 2026. #investing

🇺🇸 The cyclically adjusted earnings yield is now below the long-term real yield implied by Treasury Inflation-Protected Securities (TIPS). The last time this happened was during the dot-com bubble.

🇺🇸 US high-frequency dashboard, composed of daily and weekly economic indicators (updated as of July 17, 2026). #economy

🇺🇸 Chip stocks fell into bear-market territory. $SOX

🇺🇸 The Fed’s Index of Common Inflation Expectations edged up in Q2.

Vanguard Emerging Markets Stock Index Fund fell below its 100-day moving average. $VWO

🇺🇸 The Atlanta Fed’s GDPNow model is now tracking Q2 GDP at 1.7%, up from 1.3% on July 7.

🇺🇸 Real retail sales remained well below pre-pandemic trend.

🇺🇸 The one-year inflation swap rate fell below 2% for the first time since September 2024.

🇺🇸 The Fed’s Beige Book reported that overall economic activity increased at a “slight to moderate pace” in 11 of 12 districts. Our Beige Book diffusion indicator rose to the highest level since mid-2022.

🇺🇸 Our FOMC Minutes Sentiment Indicator turned the most hawkish since 2022.

The Hang Seng Tech Index is still only slightly positive since 2020, sharply underperforming US tech shares.

🇰🇷 The Kospi has entered a bear market.

🇺🇸 The Atlanta Fed’s GDPNow model is now tracking Q2 GDP at 1.4%, up from 1.2% on July 1.

🇺🇸 According to the New York Fed’s Survey of Consumer Expectations, inflation expectations rose at the one- and three-year horizons to multiyear highs. Five-year expectations remained stable.

🇺🇸 Redbook sales growth accelerates further July 04: Redbook 11.5% Y/Y · prev 10.5%

🇺🇸 The spread between single-stock implied volatility and index volatility widened to a record high, signaling exceptionally elevated equity dispersion and suggesting that market risk is increasingly concentrated in individual stocks and sectors.

🇺🇸 One dollar invested in US equities at the start of 1800 would’ve grown to nearly $67 million, compounding at an annualized return of 8.3%. After inflation, the terminal value becomes $2 million for an annualized return of 6.6%.

While US index concentration is elevated relative to its history, it is not as extreme as in other countries.

🇺🇸 US high-frequency dashboard, composed of daily and weekly economic indicators (updated as of July 3, 2026). #economy

Over the past two sessions, the semiconductor sector underperformed the S&P 500 IT sector by the widest margin since April 2021.

🇺🇸 The civilian labor force participation rate fell, with the largest decline in the prime-age labor force participation rate outside the pandemic.

EUR/GBP has entered oversold territory.

🇺🇸 US high-frequency dashboard, composed of daily and weekly economic indicators (updated as of June 26, 2026). #economy

🇩🇪 Germany’s weekly activity index slumped to the lowest level since 2022.

🇺🇸 The Atlanta Fed’s GDPNow model is now tracking Q2 GDP at 2.5%, down from 3% a week ago.

🇺🇸 Both hard data and surveys are consistent with solid business investment.