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  • The S&P 500 hit its 7th all-time high this year. Weekly market recap, trading week 27/2025

The S&P 500 hit its 7th all-time high this year. Weekly market recap, trading week 27/2025

Summary of the trading week using the most popular posts from the X platform

In this series, you can find financial markets posts with the highest number of interactions from my X platform feed over the most recent week. I am aware that not everybody uses X regularly, so I thought it could provide some value to your analysis, and investment process. These posts are surrounded by extra charts, commentary and explanations of complicated topics.

US stocks rallied last week following the passage of the 'One Big Beautiful Bill' in both the Senate and the House, with President Trump signing it on the Fourth of July. The rally was also supported by non-farm payrolls beating expectations. However, the details of the report paint a less optimistic picture. More on the US job market early next week.

Meanwhile, US Treasury Secretary Bessent said on Sunday that President Trump will impose April 2nd-level tariffs on countries that do not reach trade deals with the US, starting August 1st.

In other words, the ‘90-day’ tariff pause has been extended from July 9th to August 1st.

Bessent added that Trump will send letters to trading partners notifying them that, if no agreement is reached, tariffs will revert to April 2nd levels.

He also noted that around 100 smaller countries will receive a set tariff rate, many of which have never even contacted the US.

In case you missed it, this week’s posts are listed below.

US stocks continue to underperform the rest of the world

Time for an asset class performance review as of the first half of 2025

globalmarketsinvestor.beehiiv.com/p/us-stocks-continue-to-underperform-the-rest-of-the-world

🚨The US stock market has rarely been this expensive

The Shiller P/E ratio sits at one of the highest levels in history

globalmarketsinvestor.beehiiv.com/p/the-us-stock-market-has-rarely-been-this-expensive

⚠️CHART OF THE WEEK: US money supply hit a new record

The US M2 money supply is growing, but its rate of growth has slowed relative to the long-term trend

globalmarketsinvestor.beehiiv.com/p/chart-of-the-week-us-money-supply-hit-a-new-record

⚠️The US debt crisis is set to get even worse

The US budget deficit could hit as much as ~8.0% under the new bill

globalmarketsinvestor.beehiiv.com/p/the-us-debt-crisis-is-set-to-get-even-worse

⚠️The demand for gold as a reserve asset is remarkably strong

At the same time, the demand for the US Dollar is weak

globalmarketsinvestor.beehiiv.com/p/the-demand-for-gold-as-a-reserve-asset-is-remarkably-strong

⚠️Portfolio performance review as of June 2025

Assessment of my long-term investment portfolio as of June 2025

globalmarketsinvestor.beehiiv.com/p/portfolio-performance-review-as-of-june-2025

🚨The whole world is cutting rates except the Fed

At the same time, major central bank are reducing their balance sheets

globalmarketsinvestor.beehiiv.com/p/the-whole-world-is-cutting-rates-except-the-fed

1) Weekly performance. In the first post attached, you can see last week’s performance of the major US indexes, the VIX volatility index, 10-year Treasury yield, the US Dollar, gold, silver, WTI Crude oil and Bitcoin.

- S&P 500 rose 2.3%
- Nasdaq index increased 2.2%
- Dow Jones jumped 3.3%
- Russell 2000 (small caps) surged 3.5%
- US 10-year Treasury yield increased 6 bps
- VIX fell 1%
- US Dollar index declined 0.3%
- WTI Crude Oil jumped 2.5%
- Silver soared 2.8%
- Gold increased 1.5%

🔥This is the year of precious metals

Gold, silver and platinum are crushing US stocks and other assets this year

globalmarketsinvestor.beehiiv.com/p/this-is-the-year-of-precious-metalsthe-us-labor-market-headline-numbers-are-useless-1

⚠️CHART OF THE WEEK: Will the gold outperformance of the S&P 500 continue for years?

Food for thought regarding gold and the S&P 500 relative performance

globalmarketsinvestor.beehiiv.com/p/chart-of-the-week-will-the-gold-outperformance-of-the-s-p-500-continue-for-years

- Bitcoin rose 2.5%

Is Bitcoin going to $1,000,000?

What to expect from the world's largest cryptocurrency in the coming months and years

globalmarketsinvestor.beehiiv.com/p/is-bitcoin-going-to-1000000

For the trading week ending July 10, key events are:

- US Small Business Sentiment for June on Tuesday

- FOMC Minutes on Wednesday

- US Initial Jobless Claims on Thursday

- At least 3 Fed Speeches

Pretty muted week in terms of the economic data.

2) The extreme greed has come to the market. What do institutional investors do in this environment?

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