Daily Signal July 21: conditions are favorable today
Corporate Credit is healthy (OAS 2.69%) | VIX is calm (17) | Employment stable (0.07)
Corporate Credit is healthy (OAS 2.69%) | VIX is calm (17) | Employment stable (0.07)
The committee of twelve that replaced the gold standard, how it sets interest rates, and why traders watch its calendar so closely.
All ten risk thresholds read healthy today (see the 10-institional dashboard below) — credit, the Sahm rule, oil, the dollar, both ISM readings, volatility, BTC ETF flows and dominance, and stablecoins.
Brent oil: ~$71 (Jul 1) → $101 today, about +41% in three weeks.
BTC ETF 5-day net flows finally turn positive: +$76M