All the macroeconomic milestones are packed into July, which really gives a suffocating feeling of staring at a chessboard but not being able to make a move. Let’s wait until the data rolls out and then take a look.

I originally wanted to write a long piece of commentary on various assets for July!

But I really don’t know where to start—except for the U.S. Dollar Index!
Gold, crude oil, mainstream coins, and several heavily discussed U.S. stocks are all positioned at key levels.
Apart from Lagarde’s remarks on inflation and rate hikes,
the U.S.-Iran negotiations are uncertain, the Walsh speech is uncertain, and there are also the non-farm payrolls data, the month-end close, and the six-month line… totally speechless!

It’s rare for me to feel this helpless.