Global TradFi & Macroeconomics

According to Trump's financial disclosure filed with the U.S. Office of Government Ethics, as analyzed by Reuters, the U.S. president earned over $1.4 billion last year from his family's crypto projects, including World Liberty Financial and Trump meme coin. The analysis also revealed that Trump

On Friday, July 17, major stock indices globally declined sharply. Japan's Nikkei 225 fell 4%, China's Shanghai Composite dropped 3.05%, and the Hang Seng Index slid 1.78%. Nasdaq 100 futures fell 2% in pre-market trading. The selloff coincided with escalating tensions in the Middle East, where U.S.

True Rock Fund (TRUEX), managed by Jeff Wrona, achieved a 49% return year-to-date in 2026, substantially outperforming the broader market. Since its inception in March 2020, the fund has delivered cumulative returns of 765%, far exceeding the S&P 500's 167% gain over the same period. Wrona has

According to Guru Club, New York gold futures fell below $3,970 per ounce on July 17, declining 0.56% intraday.

According to Bloomberg, Zhongji Xuechuang Limited received approval from China's securities regulator and the Hong Kong Stock Exchange on Friday to proceed with its Hong Kong listing. The company obtained the China Securities Regulatory Commission filing notification and received the final

Taiwan Semiconductor Manufacturing Co. triggered a chip sector sell-off after the company announced an increased spending forecast. Nasdaq-100 futures dropped as much as 2% in premarket trading this morning following yesterday's session that saw chipmakers including Arm Holdings, Micron Technology a

Spot gold retreated below $3,970 per ounce during today's session, declining 0.16%.

According to CNBC, Nasdaq-100 futures slid as much as 2% in Friday morning premarket trading, with semiconductor stocks leading the broader market decline. The VanEck Semiconductor ETF (SMH) has fallen nearly 7% this week as of Thursday's close, marking one of its sharpest weekly declines in the

As of 8:34 p.m. on July 17, Hang Seng July futures were trading at 24,536, up 66 points or 0.27%, at a discount of 26 points with 4,563 contracts traded. The Hang Seng China Enterprises Index futures stood at 8,132, up 24 points or 0.3%, with 5,787 contracts traded.

According to Goldman Sachs, on July 17, central bank gold purchases are expected to support prices amid expectations of Federal Reserve tightening. Central banks purchased 81 tonnes of gold in May, with a three-month average of 67 tonnes per month—significantly higher than the pre-2022 average of 17

According to HSBC, on July 17, the bank upgraded Apple to buy rating and increased its price target from $260 to $366, citing Apple as at an "operational inflection point." HSBC noted Apple maintains a capital expenditure advantage at 2.5% of 2026 sales compared to hyperscale cloud operators at 39%,

According to Goldman Sachs, S&P 500 constituents' second-quarter earnings are expected to surge 22% year-over-year, on July 17. AI infrastructure-related stocks are expected to contribute approximately 60% of this growth, with Micron Technology and Nvidia collectively accounting for over 40% of

Bitcoin investment products returned to inflows after investors withdrew approximately $8 billion over 8 consecutive weeks, ending what CoinShares described as the longest negative run on record for spot Bitcoin exchange-traded funds. The reversal followed two weaker-than-expected US inflation

SBI Group partnered with Ondo Finance to tokenize Japanese equities, bringing one of the world's largest capital markets onto the blockchain. Under the agreement, Ondo Finance will issue tokenized Japanese stocks through Ondo Global Markets (BVI) Limited, while SBI Group will distribute the

Bitcoin price moved toward $62,000 on July 17 as US military strikes on Iran intensified, pressuring risk markets globally. The cryptocurrency fell to an intraday low near $62,636 before recovering slightly above $63,000, while US stock futures declined and oil prices remained elevated near $85

According to CoinShares, Bitcoin investment products reversed a record $8 billion outflow streak after weaker-than-expected inflation reports on Tuesday and Wednesday. Inflows reached approximately $250 million following the Consumer Price Index report on Tuesday, with the capital flow continuing af

SBI Group and Ondo Finance recently announced a partnership to tokenize Japanese equities on blockchain, with SBI distributing the tokenized assets across its financial network. Under the agreement, Ondo Finance will issue tokenized Japanese stocks, while SBI's JPYSC stablecoin will serve as the set

The U.S. import price index increased 7.1% year-over-year in June, surpassing the forecast of 6.5% and the prior month's reading of 6.7%.

The U.S. export price index rose 10.2% year-on-year in June, meeting market expectations and declining from 11.2% in the prior month, according to official data.

U.S. import prices excluding gasoline increased 0.5% month-over-month in June, beating forecasts of 0.4% and down from the prior month's 0.8% gain, indicating a moderation in import price pressures.