Macro Caps
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News, analysis and trends shaping global markets.

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๐Ÿ“Š Crypto ETF Flows : 20 Jul 2026

๐ŸŸข $BTC ETFs : $219.9M
๐ŸŸข $ETH ETFs : $38.0M
๐ŸŸข $SOL ETFs : $2.6M
๐ŸŸข $XRP ETFs : $2.5M
๐ŸŸข $HYPE ETFs : $0.0K

๐ŸŸข Total: $263.0M net inflows yesterday
Will $SPCX fall further? ๐Ÿ‘€

Share your thoughts below.
๐Ÿ‡บ๐Ÿ‡ธ BREAKING NEWS: The Trump administration is set to roll out fresh tariffs of 10% to 12.5% on around 60 countries as early as this week.

This move looks likely to replace the temporary 10% global tariff that's due to expire this Friday (according to the FT).

That stop-gap was brought in after the Supreme Court struck down Trump's earlier tariffs as illegal, a ruling that's already cost the US Treasury a whopping $81 billion in refunds.

Markets are on edge, with potential ripple effects on everything from consumer prices to global supply chains. We'll be watching this one closely. ๐Ÿ‘€

$SPCX $NVDA $GOOG $BTC $ETH
16 Wall Street analysts piling on to SpaceX, and the vibe is overwhelmingly bullish. ๐Ÿ‚

$SPCX has slid below its IPO price after an early post-IPO pop, but the median target sits at $213.50. Thatโ€™s roughly +77% upside from where itโ€™s trading now around $120-125. ๐Ÿ‘€

Starlink scaling, Starship commercialisation, and that big AI computing play have analysts excited long-term. Wild ride ahead! ๐Ÿ“ˆ

๐Ÿ“ธ Leverage Shares
๐Ÿ“ˆ $GOOGL alert!

Wells Fargo just raised their price target to $438 from $416 and kept the Outperform rating.

AI demand is driving capex for chips and data centers way higher, with the big players' 2027 spending now seen at $1.1 trillion, up 23%. Google and peers are passing costs to customers while keeping strong returns.
๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ›ข US crude oil price

1st of July: $71.0

Today: $91.5
Geopolitical Tailwinds and Energy Inflation ๐Ÿ›ข๐Ÿ“ˆ

Commodity and forex markets continue to adjust to geopolitical stress points. Brent crude futures surged above $90 a barrel following maritime friction in the Red Sea and shifts in U.S.-Iran diplomatic mediation. ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฎ๐Ÿ‡ท

While the broader equity market has temporarily shrugged off these headwinds to focus on earnings, the persistent climb in oil prices is feeding into macro anxieties regarding sticky inflation and corporate margins-notably causing regional downward pressure on import-heavy markets like India. ๐Ÿ‡ฎ๐Ÿ‡ณ
๐Ÿ“ˆ๐Ÿš€ $RKLB BULLISH SIGNAL: Rocket Lab wins $266M firm-fixed-price U.S. Space Force contract for 12 suborbital launches (+ option for 6 more).

Launch site: Pacific Spaceport Complex, Alaska

- Performance through Dec 2028
- Competitive award (3 bidders)
$112M FY2025 funds obligated at award

Another major government win that strengthens $RKLBโ€™s position as a trusted national security launch provider.
๐Ÿšจ๐Ÿ“‰ BREAKING: Michael Burry of โ€œThe Big Shortโ€ fame has updated his positions.Heโ€™s added to shorts in Micron $MU at $933.86, Nvidia $NVDA at $210.28, Semiconductor ETF $SOXX at $535.83, and Caterpillar $CAT at $893.49.

Longs increased in Flutter $FLUT at $100.72, DraftKings $DKNG at $23.07, and Molina $MOH at $197.02. Tesla $TSLA, Palantir $PLTR and QQQ shorts left unchanged as Tesla drops ~24% since late June.

Reinforces scepticism on AI valuations.
The new Fear and Greed Index ๐Ÿ˜…
๐Ÿ“‰ Bitcoin $BTC slips 0.2% as Nansen warns of unconfirmed bottom and possible retest of $52kโ€“$58k zone ahead of key catalysts.

Fed policy decision expected 29โ€“30 July and Strategy $STRC (MicroStrategy) Q2 earnings on 30 July could drive next BTC move.

Trading near $65k, analysts see current bounce as relief rally, not full recovery.
๐Ÿšจ๐Ÿ“‰ JUST IN: Fed rate hike odds for Wednesdayโ€™s meeting have doubled to 36% in just one week (from 16%), per CME FedWatch.

Traders price a real chance of a 25bp rise from the 3.50%-3.75% range held for five straight meetings.

Citadel now flags a possible surprise hike.
๐Ÿ‡บ๐Ÿ‡ธ๐Ÿšจ BREAKING: The US Federal Reserve has announced no change to its key interest rates following the July 2026 FOMC meeting, maintaining the federal funds rate target range at 3.5% to 3.75%.
๐Ÿšจ๐Ÿ“‰ BofAโ€™s Bull & Bear Indicator just hit 9.6, one of the strongest sell signals this century.

Itโ€™s a contrarian gauge based on flows, positioning and breadth. Anything above 8 has historically flagged extreme bullishness.Out of 17 signals since 2002, global stocks averaged a 2-3% drop over the next couple of months, with some bigger pullbacks.

Markets feel pretty frothy right now.

$MSFT $GOOG $NVDA.NE $SPCX $BTC $ETH
๐Ÿ“ˆ๐Ÿซ Cocoa soared more than 10% today for its 6th biggest gain this century.

The jump came as supply worries flared in West Africa. Heavy rains, disease and El Niรฑo risks are damaging early crops in Ivory Coast and Ghana, and Ghana is already warning of a sharp drop in next seasonโ€™s harvest. Short covering by traders poured more fuel on the rally.
๐Ÿšจ๐Ÿ‡บ๐Ÿ‡ธ BREAKING: The S&P 500 hits a new all-time high of 7,730, extending its sharp rebound from a two-month summer slump. The rally has been driven by strong corporate earnings and hopes of easing Middle East tensions. ๐Ÿ“ˆ

$GOOG $AAPL $MSFT