Limit Up! 11th August 2025
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Overnight
China CPI/PPI July 2025
Deflation persisting in China although not as bad as expectations.
Another day, 2 more US bill auctions. On that note
- Total US debt $37 trillion
- $780 billion since the debt ceiling was raised
- Last week the government sold $724 billion in Treasuries with 10 auctions.
Breaking
Fed Governor Bowman says weak jobs report backs her view for 3 rate cuts this year [Fortune]
Bitcoin
Blast-off by Bitcoin to start the week. A close >120k looks for a retest of near all time highs. Plenty of selling in the last week, maybe shorts following sellers will create the stops we need to power a lot higher.
Commodities
Despite the Trump administration walking back tariffs on Gold bars, price didn't fall this morning and we're still looking for the break higher.
Foreign Exchange
USD / CAD solid despite all the bad news out of Canada. Financial markets are not the economy, are not geopolitics.
Equities
Tesla breaking back into the channel. Looks good. It's a typical Tesla price action.
TESLA Daily