Sean Brodrick

#EconSky

The state of freight is not so great. #EconSky

Sounds legit

Wholesale prices fell in June for the first time in 10 months largely due to lower gas prices, as the producer price index fell 0.3% in June. I think we aren't out of the inflation woods -- this reading came during a lull in the Iran War. But the market algos are celebrating. #EconSky

PPI came in dovish, 2-year-yields are down, gold turns positive on the day. Kevin Warsh is the luckiest Fed chair in history. All your bases are belong to us!

I think the very rich can afford higher taxes. Cartier owner Richemont beat first-quarter sales forecasts, lifting the broader luxury sector with accelerating demand for its jewelry and watches. reut.rs/4w6XCdK #EconSky

In 2026, more than 300 state data center legislation bills have been filed across 30+ states in just six weeks, as state legislators try to make data centers pay their own way. #AI #EconSky www.multistate.us/insider/2026...

I wrote a column about 3 reasons why there is a multi-year opportunity for North American energy producers. Read it here: weissratings.com/en/weiss-rat...

Waiting on the Producer Price Index at 8:30 am. The market expects PPI to come in hotter than CPI yesterday, which was the best in months. This fear is reflected in the rising 2-year yield. That actually makes a beat easier; the PPI just has to be better than feared for rates to go lower. 1/2

A great explanation of the 2-Year Treasury Yield and what it portends for the markets. youtube.com/shorts/720eW...

Here’s your official excuse not to eat salad

China tightens its grip on global chip manufacturing

President Trump has formally notified US Congress that the US is at war with Iran, per Politico. Just FYI. That gives him another 60 days to bomb the bejeezus out of any and all targets before needing to seek Congressional Approval.