Modern Macro Technologies
Research · · 2 min read Members

07/15/2025 Market Update

A deeper-than-usual June tax drain meets the fastest credit expansion since late 2023. Covered: the 0.3% CPI uptick, real fiscal flows under rising tariffs, dealer hedging into this week's OpEx, and the flow-phase model's mid-cycle read.

Douglas
Market Update — Tuesday, July 15, 2025
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