MereStrategy

📉 Jane Street posted a $15B July loss tied to the collapse of Situational Awareness, per the FT. It disclosed the hit to lenders while shifting $11B of public debt to private buyers, raising questions about liquidity and risk controls.

🛸 Tesla shares climb over 3% after reports the company is close to unveiling a "flying" Roadster. Market seems driven by product hype; await official confirmation and weigh long-term fundamentals before reacting.

🚀 Reddit shares RDDT jump 11% after news it will join the S&P 500. Inclusion draws index fund buying that lifts the stock; expect short-term demand-driven gains and possible volatility once rebalancing completes.

🚀 Hedge funds bought $6.8B of US stocks last week, the biggest weekly buy in 18 years and $11.6B over two weeks, a record. With institutions and retail selling, hedge funds are now the primary driver of near-term market demand.

🗳️ Alexandria Ocasio-Cortez is now projected to win the 2028 Democratic nomination. Market odds for Gavin Newsom fell from 40% to 17%, signaling a shift in investor bets and rising questions about his viability.

🏙️ Manhattan's median rent hit a record $5,000/month, up 6.4% year over year; luxury median jumped 31% to $13,750. Brooklyn reached $4,500 as listings fell 27%. Rising demand and tight supply drive affordability pressures in NYC.

📈 S&P 500 tops 7,800 for the first time, reaching a record $70.8 trillion. This reflects strong gains and investor optimism, but stretched valuations raise the risk of pullbacks and higher volatility ahead.

⚠️ US July deficit reached a record $432B as federal spending accelerated; monthly interest hit $118B, pushing FY2026 interest to $1.17T, now exceeding Defense and Medicare. Higher rates would worsen this fiscal pressure.

📉 July PPI fell to 4.7% vs 4.9% expected; core PPI 4.2% in line, month-over-month PPI flat at 0.0%, the first flat reading since June 2025. Markets have reduced the odds of further rate hikes.

🚨 President Trump says White House press secretary Karoline Leavitt is resigning. That change could shift the administration's messaging and prompt a quick search for a new communications lead.