TOPLEY’S TOP 10 July 11, 2025

Author

Matt Topley
July 11, 2025

1. IBIT Bitcoin ETF New Highs.

2. Macro Conditions Favorable.

Macro conditions. “The overall equity movement is perceived as occurring in one of the most favorable macro environments, characterized by a depreciating dollar, narrowing credit spreads, subdued inflation, and interest rates remaining below 4.5%.”

3. Commodities With and Without Gold.

4. Commodities Still Record Lows vs. S&P 500

Commodities: Broad commodities remain near record lows relative to the S&P 500.

5. Biotech ETF Closes Above 200-Day….Biotech Big Part of Small Cap Stocks.

6. China Clean Energy Bet.

7. China Overall Exports 4.8% Higher.

Jack Ablin-Cresset

8. Warehouse Vacancies Above 7% First Time Since 2014

9. Argentina Ended Rent Controls…..Rents Decreased by -40%

10. Agency and contribution-Seth’s Blog

What’s possible and what’s required? It’s still surprising to me that some of these ideas aren’t widely held, because they seem so clear to me:

Skill is a choice. Talent is overrated, and if we choose to get better at something, we probably can.

Responsibility is a privilege. It’s not given to us, it’s taken. When we choose to be on the hook for something, it makes our work better.

The benefit of the doubt creates connection. When we exclude people based on surface judgments, we penalize each other.

Agency is our recognition of all three of these ideas, in one.