Daily Briefing — July 03, 2026
Today’s Briefing
USMCA Is Dead. Here Is What That Means for the Housing Market Nobody Is Talking About.
The Trump administration just walked away from the trade agreement that governs commerce with America’s two largest trading partners. Most headlines are focused on Mexico. The housing angle is getting almost no attention, and it probably should.
Economic Wire: Tesla reports 480,126 vehicle deliveries for second quarter,
According to CNBC, Tesla delivered 480,126 vehicles in Q2 2026, topping analyst expectations and marking a meaningful step in its recovery from back-to-back annual sales declines. The beat is real.
The Fed’s Holding Pattern Is Getting Louder by the Day
The effective federal funds rate sat at 3.63% on July 1, unchanged for at least six consecutive days. That’s not a data point. That’s a statement.
The 10-Year Yield Is Creeping Higher. The Market Is Saying Something Else.
The 10-year Treasury yield rose to 4.48% on July 1, up from 4.38% just a few sessions earlier, a quiet but steady climb that has pushed the benchmark rate to its highest point in recent weeks. It’s n
The 2-Year Yield Is Quietly Drifting Higher. The Fed Isn’t Done Yet.
The 2-year Treasury yield ticked up to 4.17% on July 1, its fourth consecutive daily gain after bottoming near 4.07% on June 26. That’s a small move in absolute terms, but the direction is the story.
Economic Wire: Saudi Arabia has ramped up oil shipments through the Strait
According to CNBC, Saudi Arabia has resumed shipping oil through the Strait of Hormuz after a three-month pause, with tanker tracking firm Kpler confirming the restart of Saudi export logistics in…
ON1010 provides economic education for investors. Nothing in this email constitutes investment advice. Always consult a qualified financial advisor before making investment decisions.
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