Podcasts | Daily LinkedIn | Weekly LinkedIn | Check out the website
Economic Indicators Released Overnight
ECB holds and US Jobless Claims stageate at current levels, leaving markets quiet. Canada Retail Sales came in as expected but show the consumer on the back foot.
Madame Lagarde;
Note that
Equities, apart from TESLA cheered as we made new all time highs but low volume and volatility.
US Equities
Donald Trump and Jay Powell spar as US president visits Federal Reserve [FT]
The consolidation continues as poor price action gets, again, negated by buying at lower levels.
Gold breakout fails as price looks to revisit support at $3,300.
DXY near long term support again, for a second attempt at breaking lower.
Tesla’s second-quarter revenue fell about 12% year‑over‑year to approximately $22.5 billion, missing analyst expectations by a few hundred million. Net income declined roughly 16%, landing around $1.2 billion, with adjusted EPS of $0.40—below forecasts. Deliveries dropped to 384,122 vehicles, down ~14% year-over-year. Elon Musk warned of “a few rough quarters” ahead amid expiring U.S. tax credits, intensifying competition, and uncertainty over autonomous‑vehicle regulation. Despite the softness, Tesla touted progress toward volume ramp‑up of a lower‑cost model and expansion of its robotaxi pilot launched in Austin.
Price breaks support which recently has been a buying opportunity. Watch the close today.
TESLA Daily
Trump said he considered breaking up Nvidia; signs 3 orders to support AI [investing.com]