Weekly Macro Outlook: The Inflation Test

This Weekly Macro Outlook highlights the key economic data releases, central bank events & speeches, and macro themes shaping global markets for the week of July 13, 2026.

Key Focus This Week:

  • Central banks: Fed Chair Warsh testimony, Governors Waller & Cook – Economic Outlook speeches, BoC Monetary Policy Meeting
  • Major data: US CPI, PPI, Retail Sales, Housing, & Output data (June), China GDP
  • Key themes: Geopolitical – Risk of US-Iran conflict escalation returns
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Mars Market Update: July 13th, 2026 – Triangle Consolidation

Last week, equity markets rebounded while holding 50 day sma trend support despite rising Iran tensions. The strength of the rally and lack of downside follow through warns of a bullish triangle consolidation and 5th wave extension higher. While there are enough waves in place to complete this rally, bears need to see downside follow […]

Weekly Macro Outlook: Retaining Optionality

This Weekly Macro Outlook highlights the key economic data releases, central bank events & speeches, and macro themes shaping global markets for the week of July 6, 2026.

Key Focus This Week:

  • Central banks: FOMC Minutes, RBNZ Monetary Policy Meeting, European System of Central Banks Conference & US Fed Governor Waller panel discussion, BoC Outlook Survey
  • Major data: ISM Services PMI, S&P Global Services PMI’s, Canada Labour Market
  • Key themes: receding geopolitical threats
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Mars Market Update: July 6th, 2026 – Indecision

Last week, equity markets traded sideways while holding 50 day sma trend support. While the bearish setup remains intact, the strength of the rally and lack of downside follow through warns of a potential bullish extension higher. While there are enough waves in place to complete this rally, bears need to see downside follow through […]