The Morning Call
6/24/25
The
Market
Technical
Monday in the
charts.
Monday in the
technical stats
https://www.barchart.com/stocks/momentum
https://www.barchart.com/stocks/sectors/rankings
Wall Street is
acting like nothing happened.
https://www.cnn.com/2025/06/23/investing/stock-market-dow-oil-iran
Technicals show
very weak Sell bias.
https://www.zerohedge.com/the-market-ear/probably-worst-sell-case-all-times
Is a rebound coming in crypto?
How to trade gold
now.
https://www.zerohedge.com/the-market-ear/gold-summer-flex-long
Fundamental
Headlines
The
Economy
US
May existing home sales rose 0.8% versus
consensus of -1.3%.
The June flash manufacturing
PMI was 52.0 versus projections of 51.0; the flash services PMI was 53.1 versus
52.9; the flash composite PMI was 52.8 versus 52.5.
International
The June German business
climate index came in at 88.4 versus estimates of 88.2; the June current
conditions index was 86.2 versus 86.5.
The June UK industrial
trends orders index was -33 versus expectations of -27.
Other
Update on Q2 nowcasts.
https://econbrowser.com/archives/2025/06/gdp-nowcasts-as-of-6-20
Overnight
News
Tuesday morning Middle East war update.
The custodians of
trillions of dollars of global central bank reserves are eyeing a move away
from the greenback into gold, the euro and China's yuan as the splintering of
world trade and geopolitical upheaval spark a rethink of financial flows.
Japanese Economy
Minister Akazawa is reportedly arranging to visit the US as early as June 26th
for tariff talks, according to Yomiuri.
The EU said it
would not give up decision‑making power for a US trade deal, according to the
WSJ citing European Commission President von der Leyen.
US and South
Korean trade ministers reaffirmed commitment to reaching a tariff deal early,
according to the South Korean ministry.
Fiscal
Policy
Social Security is still headed over a cliff.
https://www.washingtonexaminer.com/opinion/3448790/social-security-headed-for-fiscal-cliff/
This is a great argument
for reforming our immigration policies but hardly one for altering Donald’s
tariff regime (even though I think that it should be altered).
The
threat to the dollar: decline from within.
Tariffs
Is this Trump’s planned outcome?
https://www.apolloacademy.com/is-trump-a-genius/
Geopolitics
When everything is a nail.
Iran’s options.
The longer term impact on the price of oil.
https://www.ft.com/content/9c1aa046-c430-4e28-b6fa-5db0fb4fad1e
Is that all there is?
Investing
Don’t panic.
Navigating war.
https://www.optimisticallie.com/p/navigating-war
For traders: a
rules based sizing of positions.
https://traderfeed.blogspot.com/2025/06/best-trading-practice-rule-based-sizing.html
Three factors supporting
a positive outlook for gold.
News on Stocks in Our Portfolios
What
I am reading today
You
can’t have it both ways.
https://www.econlib.org/you-cannot-have-it-both-ways/
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
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