Daily Briefing — July 10, 2026
Today’s Briefing
China’s Price Data Just Flashed a Warning Sign That Has Nothing to Do With China
Here is the twist most people are missing this morning: China’s latest inflation data looks like a domestic story, but it is actually a leading indicator for what lands on American factory floors next.
Economic Wire: June home sales disappoint as prices reach an all-time high
According to CNBC, June home sales fell month over month as mortgage rates stayed stubbornly elevated, even as home prices hit an all-time high.
Economic Wire: Trump can halt trade with Spain using law behind scrapped ta
According to CNBC, U.S. Trade Representative Jamieson Greer confirmed this week that the administration believes it retains the authority to restrict trade with Spain under the International…
Economic Wire: Kevin Warsh names members of his Federal Reserve task forces
According to CNBC, newly installed Federal Reserve Chairman Kevin Warsh has unveiled the membership of five internal task forces tasked with reviewing the Fed’s operations, and the roster includes…
$39.4 Trillion and Climbing: What America’s Debt Pace Tells Us Right Now
The national debt ticked down a trivial $20 billion on Tuesday, rounding noise, really, driven by daily cash flow fluctuations at the Treasury. The number that actually matters is the one over the pa
The Yield Curve Just Climbed to Its Steepest Point in Weeks. Here’s What That Tells Us.
The gap between 10-year and 2-year Treasury yields widened to 0.38% on July 9, the steepest reading in the recent trend and up from 0.31% just eight days ago. That’s a small number in absolute terms,
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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