July monthly charts ?3


market leverage through July 2026Market leverage for July pulled back from all-time high last month to the prior record of 6.5x set in May.  Money went back to flowing out of both cash and margin investment accounts, and as in recent months, this note may be updated with Pending Home sales tomorrow morning.  Otherwise, this should be a quiet week for macro economic data, assuming Fed Minutes on Wednesday continue to be unremarkable.

Ameican natural gas vs electricity pricing through July 2026American prices for natural gas rose in July to levels historically associated with winter months.  However, those for electricity edged back down.  This shouldn't be surprising in light of the recent single stock analysis in the private side of CrowdWisers.  A pricing update on diesel tomorrow morning might also be coming in support of a trade note on a different stock.