The Morning Call
7/9/25
The
Market
Technical
Tuesday in the
charts.
Tuesday in the technical stats.
https://www.barchart.com/stocks/momentum
https://www.barchart.com/stocks/sectors/rankings
Dollar bears
beware.
https://www.zerohedge.com/the-market-ear/dollar-bears-beware-youre-not-early
The latest from
Goldman.
https://www.zerohedge.com/the-market-ear/market-has-ignored-worsening-macro
Fundamental
Headlines
The
Economy
US
Month to date retail chain store sales grew
more rapidly than in the prior week.
Weekly mortgage applications rose 9.4% while
purchase applications were up 9.0%.
Consumer credit card debt unexpectedly plunges.
https://www.zerohedge.com/markets/credit-card-debt-unexpectedly-plunges-student-loans-soar
International
June Chinese CPI came in at -0.1% versus
estimates of 0.0%.
June Japanese YoY machine tool orders fell
0.5% versus predictions of +3.4%.
Other
Real time civilian employment past peak?
https://econbrowser.com/archives/2025/07/real-time-civilian-employment-at-peak
Update on Q2 nowcast.
https://www.capitalspectator.com/rebound-outlook-softens-for-us-q2-gdp-nowcast/
Wholesale used car prices up 6% in June.
https://www.calculatedriskblog.com/2025/07/wholesale-used-car-prices-increased-in.html
Housing market at risk of a severe downturn.
https://www.axios.com/2025/06/24/housing-market-price-growth-april
Inflation
What a depreciating dollar means for inflation.
Fiscal
Policy
Government debt is now $37 trillion. Should
we be worried?
https://www.bbc.com/news/articles/c1lj8rmyn5eo
The Market will tell us when we have borrowed
too much.
Tariffs
Trump’s Vietnam agreement bodes poorly for future
trade deals.
https://www.cato.org/blog/trumps-vietnam-agreement-bodes-poorly-future-trade-deals
Tariff uncertainty weighs on global growth.
Peak chaos theory confirmed.
https://talkmarkets.com/content/commodities/the-peak-chaos-theory-confirmed?post=508096
Investing
A
preview of second quarter earnings.
https://www.advisorperspectives.com/commentaries/2025/07/08/2q-earnings
Gold as a safe asset
alternative to debt.
https://mrzepczynski.blogspot.com/2025/07/gold-as-safe-asset-alternative-to-debt.html
News on Stocks in Our Portfolios
What
I am reading today
The
end of the stock market as we know it.
https://gizmodo.com/the-end-of-the-stock-market-as-we-know-it-2000625351
It is already happening in the bond
market.
https://www.ft.com/content/24133257-62eb-41f5-9778-0be200fd3b7d
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for Survival’s website (http://investingforsurvival.com/home)
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