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FOOD SHORTAGES

Supermarkets in Kiev ran out of many food products due to Russian attacks.

“This product was destroyed by Russia,” a store sign says.

Will this continue, or will Putin ease off and keep this as a warning? Most of the time he does, but we’ll see soon enough, I guess.

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KEY US MARKET AND FED RATE EVENTS THIS WEEK:

Wednesday - CPI

Thursday - PPI, Jobless Claims, 2 Fed presidents will also speak

Friday- Retail Sales, Consumer Sentiment

Cooler inflation and weaker spending = LOWER rate-hike expectations, supporting stocks, gold and crypto.

Hotter inflation and resilient spending = HIGHER Treasury yields and dollar, putting risk assets under pressure.

Core CPI is the big one. Prepare for volatility.

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The Fed is about to get the data it needs this week:

1. Tuesday, Existing Home Sales

A key read on the housing market. A weak print could signal that high borrowing costs are continuing to pressure housing demand.

2. Wednesday, CPI

The biggest event of the week. A hotter-than-expected inflation data could push rate-cut expectations lower and reignite concerns about tighter Fed policy.

3. Thursday, PPI

Producer prices offer an early look at pipeline inflation, so a hot number pushes hike odds up further.

4. Thursday, Initial Jobless Claims

Rising claims would signal weakening employment conditions, while a surprisingly low print could support the case for a more resilient economy.

5. Friday, Retail Sales

One of the most important consumer-health indicators. A weak number would raise concerns about slowing household spending and economic growth.

6. Friday, Michigan Consumer Sentiment

Tracks consumer confidence and inflation expectations. A rise in long-term inflation expectations could complicate the Fed’s path toward easing policy.

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NEW: X recorded the second-highest month-over-month traffic growth among the world’s 10 most-visited websites, according to Similarweb estimates

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Bitcoin Weekly Analysis

Bitcoin gained 2.1% this week and has stayed above the important 200-week moving average for 6 weeks.

Bullish Case:

-MACD turned positive

-RSI shows bullish divergence

-Strong ISM data and Russell 2000 at all-time highs

Bearish Case:

-Possible bear-cycle bottom around October

-Rate-hike concerns

-BTC is still below the 20W and 50W moving averages

Key levels to watch:

-Resistance: $67K–$69K

-Support: $62K / $58K

Important event: US CPI on Wednesday.

As long as BTC holds above the 200W MA, the outlook remains bullish. A break above $69.1K could confirm a trend reversal.

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— African migrants are building makeshift homes out of sticks directly on the beach in the Spanish city of Ceuta.

According to Spanish law, after 5 years of having refugee status, you are granted citizenship. This is how they plan to live for the entire duration on the Spanish coast.

By the way, for citizens of the EU and other countries, obtaining Spanish citizenship is only possible after 10 years.

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The Indian Sun News says:

“Nobody gets permanent ownership of the word “Aussie”.

A group of activists has been altering Peter Drew's "AUSSIE" posters, pasting words such as "INDIAN", "CHINESE" and "NOT" over the faces of non-white Australians.

It raises a much bigger question: who owns the word Aussie?

Australian identity is not racial property.

Aboriginal and Torres Strait Islander peoples were here tens of thousands of years before European settlement. Then came successive waves of migrants who built lives, families and communities here. That story continues today.

You can be Indian and Australian. Chinese and Australian. South Sudanese and Australian”.

-The Indian Sun

Wow.

The term ‘Aussie’ emerged & spread amongst WWI troops in popular usage.

The people called “Aussies” were exclusively White Anglo/European Australians.

The demographic & legal reality of the time meant it applied to this distinct ethnic group of people.

Aussies remained 99% of the population until the 1970’s & were still 90% + of the population in the year 2000.

Only recently has our ethnic demographic changed & this was done against our will. We also never agreed to give up our identity, culture or nation to a foreign people.

It is only Western Nations where non-Western people with no roots or connections to our land or people self-identify as us & it’s weird.

You can be an Australian citizen but the word “Aussie” represents a distinct ethnic group of people.

The people that founded, created, built, defended & protected our people & nation.

Majority of people around the world know what an “Aussie” is.

Our identity is not a costume.

If everyone is Aussie then no one is Aussie, the word then means nothing.

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The zoomers i once taught how to get liquidated on leverage

are now teaching me how to get rugged on memes

beautiful

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2 packed jets came way too close to disaster on the ground at Sydney Airport.

A Jetstar A320 taxiing for the Gold Coast had to slam on the brakes after a Qatar Airways 777 being towed across the tarmac moved straight into its path.

Both aircraft stopped just short of each other.

A Jetstar crew member doing final checks was thrown to the floor and injured during the sudden stop.

The Qatar 777 also reportedly suffered damage to its nose wheel.

Early reports suggest the tug crew towing the Qatar jet failed to follow ATC instructions.

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BREAKING: Indian Central Bank sells dollars again to save rupee from falling

The intervention held it near ₹95.23 per dollar, after it touched a record low of ₹96.96 in May.

Since 2013, the rupee has lost around 40% of its value against the dollar.

Defending it is has become costly, as RBI has sold billions of dollars in reserves to defend it, burning $9 billion in a single day.

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— In Kosovo, the prime minister was pelted with eggs during a parliamentary session.

The incident occurred after Prime Minister Albin Kurti proposed postponing the session for negotiations with political forces. Following this, MP Time Kadriaj threw several eggs at him.

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ISLAMIFICATION: Muslims in Chicago showing dominance

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BREAKING: SpaceX, $SPCX, officially rises back above its IPO price, now up +30% in 3 days

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