📈 The Strategy: 2026-06-24
📑 The Watchlist: 2026-06-24
♟️ Oil markets crowd a best-case Iran settlement the Islamabad MOU cannot yet guarantee
📰 Daily Macro Roundup: 2026-06-23
🇨🇳 China's retail sales turned negative in May for the first time since the COVID lockdowns, and the PBoC held rates anyway
🌏 Brazil's Copom cuts the Selic to 14.25% as inflation expectations drift further from target; India holds at 5.25%
🇬🇧 UK services PMI sinks to 48.7 as Starmer's exit leaves the BoE carrying the economy alone
🇪🇺 The ECB raised rates into a contracting eurozone, then sent Lagarde to parliament to justify it
🇺🇸 June flash PMI arrives with services at 51.1 and Kevin Warsh's congressional debut three weeks out
📈 The Strategy: 2026-06-23