Gold and Silver fell with Gold up 2% in the past 5 days at $5712CAD and down 2% month over month. Silver is down 6% this month and up 5% from the last 5 days now $82.03 CAD. Silver is still up 57% Year over Year. US Dollar index DXY is up 0.5% this week at 101.46 and up 3% YOY. SP500 Volatility Index VIX is down 2%. SP 500 ES futures fell 0.5% and are now trading 7447 off 200 handles from their all time highs and having remained above 7000 since mid April..
The "Magnificent Seven" tech giants suffered an $890 billion market value wipeout, with Tesla plummeting 18% and major drops across Alphabet, Amazon, and Meta.
Bucking the recent tech slump affecting the rest of the "Magnificent Seven", Apple has experienced explosive momentum, touching fresh all-time highs and currently trading at an unprecedented $4.89 trillion market cap.
The Trump administration imposed new 10% to 12.5% global tariffs on major trading partners like the European Union after the expiration of earlier frameworks.
Crude WTI futures are up 9% at $89.31 and now up 35% YOY. On March 2, 2026, Iran's Islamic Revolutionary Guard Corps (IRGC) officially declared the Strait of Hormuz closed.
On June 17th President Trump stated that US oil reserves would run dry in 4 weeks without an Iranian compromise. “We run out of reserves at about four weeks,” Trump said
NYMEX NG natural gas futures which spiked over 100% above $7 in January are flat this week now trading $2.87 USD per Million BTU.
The Crypto collapse has paused near the 52 wk low, with BTC flat this week to $64,700 and ETH down 3% at $1860. Crypto Holding Company Strategy MSTR is down 4% at $91.67 over the past 5 days. .
Ai powered Government Contractor Palantir is down 6% - PLTR currently trades at $122.92, and down 6% YOY after falling from a 52 week high of 207.52.
NVDA is flat in the past 5 days at $206.84, and is over a 5 Trillion dollar market cap. NVDA accounts for approximately 8% of the entire SP500
SPCX SpaceX is down 8% this week at $115.07, below $2 Trillion dollars in market cap. Spacex Fiscal Year loss stands just below $5 billion.
S&P AeroSpace and Defense ETF XAR rose 3% in the past 5 days to $269.01 after making a new All Time High in March of 295.23 following the assasination of the Iranian Supreme Leader. XAR is up 13% Year to Date
Weekly Jobless Claims were down 22,000 at 187,000 for the week ending July 18th.
The Gold/Silver ratio fell 3% now at 69.61 up from a low this year of 43.52 after falling steadily since late October and from its March high of 107. Longer 20 yr and 30 yr US government bonds yields remain above 5%, currently 5.19 and 5.16% respectively.
The Polymarket quoted probability of a total 0 rate cuts is at 86%. The probability of at least a 25 bps rate hike is currently 65%. Short term rates stand above 4% in the 2yr at 4.34%
US Comex Copper Futures HG, a leading indicator of economic growth, are up 2% $6.36 usd/lb after a recent new all time high in this week of $6.72 usd/lb..