Japanese Yen falls to weakest level against the U.S. Dollar in 40 years 🚨 🚨

10-Year Treasury Yield jumps above 4.7% for the first time since January 2025 🚨 🚨 Houston, we have a problem 😱

🚨 Over $700 BILLION has been wiped out from Asian stock markets in the last few hours.

Here's why Asian markets are crashing:

1. Asian markets extended the S&P 500's losses as tech stocks sold off yesterday amid renewed AI spending.

2. Concerns about high energy costs as Brent crude surges above $100.

3. Fresh tariff uncertainty after US imposed tariffs of up to 12.5% on 60 countries.

4. Iran has reportedly rejected a US-backed ceasefire proposal.

5. Japan's CPI rises to 1.7%, hitting a 6-month high and raising expectations of further BoJ policy tightening.

One by one, the highest revenue ecommerce company in Russia is being dismantled, and with it, billions in inventory owned by "apolitical" Russians.

Only a week into the campaign and already 670,000m² of the company's 2,315,000 m² are toast.

Tesla $TSLA short sellers just made $4.3 Billion from today's plunge 🤑💰

🔥The Wildberries warehouse in Shushary, St. Petersburg, is burning hard after the overnight drone attack. Almost the entire hub is engulfed in flames.

The Shushary facility is one of Wildberries’ largest logistics hubs in northwestern Russia, covering more than 100,000 m².

It joins the growing list of destroyed Wildberries warehouses hit in July:
July 18 — Elektrostal, Moscow region July 22 — Krasnodar July 22 — Nevinnomyssk, Stavropol Krai July 24 — Shushary, St. Petersburg

TRUMP JUST IMPOSED NEW TARIFFS ON 60 COUNTRIES STARTING TODAY.

The Supreme Court struck down Trump's original "Liberation Day" tariffs in February. In response, Trump imposed temporary 10% global tariffs as a placeholder.

Those tariffs were set to expire today, and today's new tariffs take their place.

Back in March, the US launched a Section 301 investigation into 60 countries, checking whether each one properly bans imports made with forced labor. In June, the US found all 60 failed that test. Today's tariffs are the direct result of that investigation.

HERE ARE KEY DETAILS:

1. Tariffs took effect at 12:01 a.m. today, covering 99.4% of all US imports.

2. Countries get either 10% or 12.5%, depending on whether they've already banned goods made with forced labor.

3. Argentina, Bangladesh, Canada, India, Mexico, Pakistan, and the UK get the lower 10% rate.

4. China, Brazil, Russia, and Saudi Arabia get the higher 12.5% rate.

5. Japan, Korea, and Switzerland get a special cap, their old tariff plus this new one adds up to exactly 12.5% total, not stacked.

6. These don't stack with existing tariffs either. Steel and aluminum stay at 50%, not 60%+.

Zelensky in a meeting with Raytheon VP Joseph DeAntona announces plans to co-produce Patriot interceptors

“I am grateful for the company’s readiness to take our partnership to an even higher level, where Ukraine would co-produce, together with Raytheon, some of the most vital air defense assets.”

The military-industrial complex is in control in Ukraine

Futility of Russian air defenses on display this morning in St Petersburg, doing nothing to stop incoming Ukrainian drones.

These 2 were always my favourite...
...don't see them too much these days

Global Central Banks now own the most amount of Gold in history 🚨 🚨

He is doing nothing

Watching russian air defense fail day after day. videos of fighter jets desperately flying around trying to shoot down drones with drones in the foreground crashing into warehouses one after another. We’re watching in real time the myth of Russian greatness crash down.

“I’m already down 30% this year and every analyst is calling for a 20% S&P pullback in Q4”

I won't stop until I achieve everything I said I would