July 15, 2025 Live Trading Room Market Recap & Trades
IWM, C, STT, JPM, WFC, NVDA, AMD, SPY, SPX, XME, NEM, XHB, KWEB, UUUU, ASTS
Tuesday Market Thoughts
June CPI hit expectations, as I expected, with the monthly acceleration signaling tariff impacts are building with core services inflation really hot. That's not a recipe for Fed cuts. With August 1st (ROW) & 12th (China) tariffs approaching, price pressures point higher.
Lucky or Good, I warned this morning live that the slowly rising USD (like past 9 days) isn't a headwind per se to equities, but a spiking USD (rate of change impact) will be WITH a rising 10Y. Yup, that worked! Market sold off as DXY picked up speed and bonds fell. Selling picked up under the surface after I closed my room (with key indicator breaking below important 8D). The bear steepening in the 10Y2Y I keep warning about also pushed higher
That, and I did warn last week!
"after NVDA tags 172 area, take care."
