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<p>Recent developments have sparked significant global concerns, impacting the economic landscape. Highlights of these issues include:</p>
<ul>
<li>**Treasury Secretary Yellen** expresses worries over coronavirus variants potentially undermining the global economic recovery. <a href="https://www.newsweek.com/janet-yellen-very-concerned-delta-other-variants-threat-covid-recovery-1608590">Read more here.</a></li>
<li>The **Biden Administration** is confronted with difficult decisions regarding Haiti's request for American troops. <a href="https://www.nytimes.com/2021/07/10/us/politics/biden-haiti-troop-request.html">Learn more.</a></li>
<li>Cuba is experiencing its **largest protests in decades** as the economy faces severe challenges. <a href="https://www.bbc.com/news/world-latin-america-57799852">Find out more.</a></li>
<li>Parts of the **Western US** continue to endure intense heatwaves. <a href="https://apnews.com/article/fires-environment-and-nature-heat-waves-6b4bd2147d7185049405c176979e0615">Read the full article.</a></li>
<li>The **US reaffirmed** its commitment to defending the Philippines from threats in the South China Sea. <a href="https://www.cnn.com/2021/07/12/asia/us-philippines-south-china-sea-intl-hnk/index.html">Discover more.</a></li>
<li>During a recent G20 meeting, finance ministers **approved a global minimum corporate tax reform**, which is expected to affect bank profits positively in the upcoming quarter. <a href="https://www.euronews.com/2021/07/10/global-minimum-corporate-tax-of-15-looks-set-to-get-the-green-light-at-g20">More details.</a></li>
<li>China is escalating its **oversight of the overseas technology sector**. <a href="https://www.cnn.com/2021/07/12/tech/china-crackdown-overseas-ipo-intl-hnk/index.html">Read more here.</a></li>
<li>The **2-year Treasury yield** has approached a 15-month high, indicating heightened policy sensitivity.</li>
</ul>
<p><a href="https://www.capitalspectator.com/wp-content/uploads/2021/07/two.yr_.12jul2021.png"><img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-16341" src="https://www.capitalspectator.com/wp-content/uploads/2021/07/two.yr_.12jul2021.png" alt="" width="700" height="530" /></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/macro-briefing-12-july-2021/" title="6:10 am" rel="bookmark"><time class="entry-date" datetime="2021-07-12T06:10:38-04:00">July 12, 2021</time></a>
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By James Picerno | <a href="https://www.capitalspectator.com/us-business-cycle-risk-report-11-july-2021/" title="5:33 pm" rel="bookmark"><time class="entry-date" datetime="2021-07-11T17:33:33-04:00">July 11, 2021</time></a>
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<p>This year, passively managed investments tied to global market betas have consistently outperformed our exclusive strategies, a trend that persisted last week.</p>
<p><em><a href="https://etfps.substack.com/p/the-etf-portfolio-strategist-11-july">Continue reading at The ETF Portfolio Strategist</a></em></p>
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By James Picerno | <a href="https://www.capitalspectator.com/the-etf-portfolio-strategist-11-july-2021/" title="5:26 pm" rel="bookmark"><time class="entry-date" datetime="2021-07-11T17:26:06-04:00">July 11, 2021</time></a>
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<p>
<a href="https://www.amazon.com/gp/product/B08KQ97TDX/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B08KQ97TDX&linkCode=as2&tag=bookscaps-20&linkId=315706529924233756a2fe527ba2b0f0" target="_blank" rel="noopener"><img decoding="async" class="alignleft" src="https://ws-na.amazon-adsystem.com/widgets/q?_encoding=UTF8&MarketPlace=US&ASIN=B08KQ97TDX&ServiceVersion=20070822&ID=AsinImage&WS=1&Format=_SL250_&tag=bookscaps-20" border="0"/></a>
● <a href="https://www.amazon.com/gp/product/B08KQ97TDX/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B08KQ97TDX&linkCode=as2&tag=bookscaps-20&linkId=7e09c78bb7a9e9c6552865451057c62b" target="_blank" rel="noopener">The Key Man: The True Story of How the Global Elite Was Duped by a Capitalist Fairy Tale</a><br/>Authors: Simon Clark and Will Louch<br/><strong><a href="https://financialpost.com/opinion/jack-m-mintz-esg-rankings-are-a-mugs-game">Review</a> via The Financial Post</strong><br/>This new publication chronicles how impact investor Arif Naqvi successfully convinced numerous corporate leaders, including Bill Gates and Prince Phillip, to contribute $14 billion for projects aimed at social betterment while promising high returns. Released by HarperCollins, the book titled “The Key Man” unveils a remarkable narrative of deception.</p>
<p><a href="https://www.capitalspectator.com/book-bits-10-july-2021/#more-16316" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/book-bits-10-july-2021/" title="8:18 am" rel="bookmark"><time class="entry-date" datetime="2021-07-10T08:18:03-04:00">July 10, 2021</time></a>
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<ul>
<li><em>US REITs outperform market returns this week</em></li>
<li><em>Portfolio strategy benchmarks are on an upward trend</em></li>
</ul>
<p>Although the recent rally in US real estate investment trusts (REITs) appeared to be losing steam, it has instead evolved into a restorative pause.</p>
<p><em><a href="https://etfps.substack.com/p/the-etf-portfolio-strategist-9-july">Continue reading at The ETF Portfolio Strategist</a></em></p>
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By James Picerno | <a href="https://www.capitalspectator.com/the-etf-portfolio-strategist-9-july-2021/" title="6:48 pm" rel="bookmark"><time class="entry-date" datetime="2021-07-09T18:48:18-04:00">July 9, 2021</time></a>
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<p>Anticipation is building ahead of the release of preliminary second-quarter economic data, which is <a href="https://www.capitalspectator.com/us-q2-gdp-estimate-slips-but-still-on-track-for-stronger-growth/">expected</a> to reveal significant growth acceleration following a strong rise in gross domestic product during the first quarter. This update, scheduled for July 29, is seen as a pivotal moment in America's economic recovery from the pandemic-induced recession.</p>
<p><a href="https://www.capitalspectator.com/how-fast-will-us-growth-decelerate-in-2021s-second-half/#more-16335" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/how-fast-will-us-growth-decelerate-in-2021s-second-half/" title="7:29 am" rel="bookmark"><time class="entry-date" datetime="2021-07-09T07:29:00-04:00">July 9, 2021</time></a>
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<p>Among the major headlines:</p>
<ul>
<li>President Biden will <a href="https://www.cnbc.com/2021/07/09/biden-to-sign-executive-order-aimed-at-cracking-down-on-big-tech-business-practices.html">sign</a> a new executive order to address Big Tech practices.</li>
<li>The US bond market is <a href="https://www.nytimes.com/2021/07/08/upshot/the-bond-market-is-telling-us-to-worry-about-growth-not-inflation.html">signaling</a> peak economic growth.</li>
<li>Fed’s Bostic highlights the impact of the Delta variant on economic recovery. <a href="https://www.reuters.com/article/usa-fed-bostic-coronavirus/feds-bostic-infection-spike-due-to-delta-variant-could-slow-recovery-idUSS0N2OC002">Read more here.</a></li>
<li>Analyzing the repercussions of China's <a href="https://www.cnbc.com/2021/07/08/csis-on-china-crackdown-on-chinese-tech-giants-like-didi-alibaba-ant.html">crackdown</a> on technology firms.</li>
<li>Wells Fargo has decided to discontinue all personal lines of credit. <a href="https://www.cnbc.com/2021/07/08/wells-fargo-is-shutting-down-all-personal-line-of-credit-accounts-.html">Learn more.</a></li>
<li>Recent rally in junk bonds has seen yields fall below the inflation rate. <a href="https://www.wsj.com/articles/junk-bond-rally-pulls-yields-below-inflation-11625817833?mod=hp_lead_pos3">Discover more.</a></li>
<li>UK GDP grew at a slower pace than anticipated in May. <a href="https://www.investmentweek.co.uk/news/4034212/uk-gdp-grew-expected">Read further.</a></li>
<li>Factory-gate inflation in China <a href="https://www.wsj.com/articles/china-inflation-cools-but-beijing-worries-economy-is-losing-heat-11625813842">cooled</a> in June after peaking.</li>
<li>US jobless claims have increased slightly but remain near record lows. <a href="https://www.cnbc.com/2021/07/08/us-weekly-jobless-claims.html">More details.</a></li>
</ul>
<p><a href="https://www.capitalspectator.com/wp-content/uploads/2021/07/claims.09jul2021.png"><img decoding="async" class="alignnone size-full wp-image-16334" src="https://www.capitalspectator.com/wp-content/uploads/2021/07/claims.09jul2021.png" alt="" width="650" height="450" /></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/macro-briefing-9-july-2021/" title="6:00 am" rel="bookmark"><time class="entry-date" datetime="2021-07-09T06:00:11-04:00">July 9, 2021</time></a>
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<p>While estimates for US second-quarter growth are trending downward, the upcoming GDP report is still anticipated to showcase a significantly higher growth rate than the first quarter, according to various nowcasts.</p>
<p><a href="https://www.capitalspectator.com/us-q2-gdp-estimate-slips-but-still-on-track-for-stronger-growth/#more-16329" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/us-q2-gdp-estimate-slips-but-still-on-track-for-stronger-growth/" title="7:01 am" rel="bookmark"><time class="entry-date" datetime="2021-07-08T07:01:38-04:00">July 8, 2021</time></a>
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<p>Major highlights of the current economic climate:</p>
<ul>
<li>President Biden is analyzing responses to the latest ransomware attack. <a href="https://abcnews.go.com/Politics/biden-set-meet-leaders-ransomware-defense/story?id=78706730">Learn more here.</a></li>
<li>Federal Reserve officials discussed plans to taper at the most recent meeting. <a href="https://www.cnbc.com/2021/07/07/federal-reserve-releases-minutes-of-its-june-15-16-meeting.html">Read more.</a></li>
<li>Multiple US states have filed a lawsuit against Google, alleging abuse of power with the Play Store. <a href="https://www.reuters.com/technology/dozens-us-states-sue-google-alleging-antitrust-violations-2021-07-07/">Discover more.</a></li>
<li>Challenges arise for Biden’s proposal to raise taxes on affluent individuals and corporations. <a href="https://www.cnbc.com/2021/07/07/biden-tax-plan-corporate-capital-gains-and-income-hike-uncertain.html">Find out more.</a></li>
<li>The **European Commission** reports a more optimistic economic outlook. <a href="https://www.cnbc.com/2021/07/07/european-commission-forecasts-july-2021.html">Learn more.</a></li>
<li>The ongoing effort to reduce corporate taxes has left payroll taxes disproportionately high. <a href="https://www.nytimes.com/interactive/2021/07/07/opinion/minimum-corporate-tax.html?action=click&module=Opinion&pgtype=Homepage">Read further.</a></li>
<li>Job openings in the US have reached a new record high in May. <a href="https://www.wsj.com/articles/u-s-job-openings-held-at-record-level-headed-into-summer-11625674595">More details available here.</a></li>
</ul>
<p><a href="https://www.capitalspectator.com/wp-content/uploads/2021/07/job.openings.08jul2021.png"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-16328" src="https://www.capitalspectator.com/wp-content/uploads/2021/07/job.openings.08jul2021.png" alt="" width="650" height="450" /></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/macro-briefing-8-july-2021/" title="5:52 am" rel="bookmark"><time class="entry-date" datetime="2021-07-08T05:52:26-04:00">July 8, 2021</time></a>
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<p>This summer might surprise many with an unexpected rally in the bond market, showcasing remarkable strength.</p>
<p><em><a href="https://etfps.substack.com/p/the-etf-portfolio-strategist-7-july">Continue reading at The ETF Portfolio Strategist</a></em></p>
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By James Picerno | <a href="https://www.capitalspectator.com/the-etf-portfolio-strategist-7-july-2021/" title="6:03 pm" rel="bookmark"><time class="entry-date" datetime="2021-07-07T18:03:54-04:00">July 7, 2021</time></a>
</footer><!-- .entry-meta -->The economic landscape is continually evolving, influenced by various local and global factors. Keeping track of these developments is essential for understanding potential impacts on markets and investments as nations navigate complex challenges.
