U.S. Dollar weakens

The dollar is down nearly 9% year-to-date — one of its steepest drops in recent memory.

Central Banks Quietly Hoard Gold

Bloomberg reports that central banks are buying nearly 4x more gold than publicly disclosed.

A silent gold rush is unfolding before our eyes.

The U.S. housing market just hit a major imbalance:

In April, there were 33.7% more sellers than buyers — the biggest gap since records began in 2013.

Listings hit a 4-year high, while buyer numbers dropped to a 4-year low.

A year ago, the gap was just 6.5%.

Home price cuts could be next.

President Trump calls for scrapping the debt ceiling

Trump says he now agrees with Sen.

If approved, Congress would no longer vote to raise the borrowing cap — removing one of Washington’s biggest fiscal pressure points.

Someone just bet $1.2B on Bitcoin calls

A trader bought a massive batch of BTC call options, paying $50M in premiums. These options give the right to buy BTC at specific prices on set dates — and they’re ultra-bullish:

• $112K–$120K strikes for July 25 (3,750 BTC total)
• $115K & $140K strikes for Sept. 26 (7,600 BTC total)

Is this a bet on $120K BTC by late July — and $140K by September?

ECB cuts rates to 2.15%

As expected, the European Central Bank lowered its key rate from 2.40% to 2.15%.
First rate cut since 2019 — signaling a potential shift in monetary policy.

Smart investors watch Rolexes, handbags, and Ferraris. Not for the flex, but the signal.

Luxury is where liquidity leaks first. When the wealthy stop spending, markets take note.

Right now the luxury index is up.

Keep your eyes open for any shifts.

Xi Jinping after Trump call:

The U.S. should lift its harmful measures against China.

Both nations must reduce misunderstandings and strengthen economic and trade cooperation.

The message came after a phone call with Donald Trump, signaling possible thawing in relations.

Xi and Trump agree to resume talks

After a phone call, Xi Jinping and Donald Trump agreed to launch a new round of negotiations as soon as possible.

Both sides signaled a willingness to reduce tensions and restart dialogue.

Musk responds to Trump criticism: “Whatever.”

He adds: “False — this bill was never shown to me even once.”

Musk also weighed in on Congress: “Either you get a big and ugly bill or a slim and beautiful bill.”