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Good morning investors! Bitcoin made giant strides last week and is still doing great having crossed the $122,000 mark for the first time Monday.
Today we cover:
What to expect this week
New tariffs
Beauty spending
📊 Economy and News
What to expect this week
Here’s what to keep an eye on this week:
Monday, July 14, 2025
Key Earnings: Fastenal (FAST)
Tuesday, July 15, 2025
Economic Data: Consumer Price Index (CPI) (June), Empire State Manufacturing (July)
Federal Reserve Activity:
Speeches from Dallas Fed President Lorie Logan, Federal Reserve Gov. Michelle Bowman, and Federal Reserve Gov. Michael Barr may offer perspectives on monetary policy and inflation.
Key Earnings: JPMorgan Chase (JPM), Wells Fargo (WFC), Citigroup (C), BlackRock (BLK), Bank of New York Mellon (BK), State Street (STT), Ericsson (ERIC), J.B. Hunt Transport (JBHT), and Albertsons Cos. (ACI)
Wednesday, July 16, 2025
Economic Data: Producer Price Index (PPI) (June); Industrial Production & Capacity Utilization (June); Federal Reserve Beige Book
Federal Reserve Activity: New York Fed President John Williams will speak, potentially addressing interest rate outlooks.
Key Earnings: Johnson & Johnson (JNJ), Novartis (NVS), Bank of America (BAC), Morgan Stanley (MS), Goldman Sachs (GS), Progressive (PGR), and United Airlines (UAL)
Thursday, July 17, 2025
Economic Data: U.S. Retail Sales (June); Initial Jobless Claims (Week ending July 12); Import/Export Price Index (June); Philadelphia Fed Manufacturing (July); Business Inventory (May); Home Builder Confidence Index (July)
Key Earnings: Taiwan Semiconductor Manufacturing (TSMC), Netflix (NFLX), GE Aerospace (GE), PepsiCo (PEP), Abbott Laboratories (ABT), and Travelers (TRV)
Friday, July 18, 2025
Economic Data: Housing Starts (June); Consumer Sentiment - Preliminary (July)
Key Earnings: American Express (AXP), 3M (MMM), and Truist Financial (TFC)
Global hits:
Brazil raises forecast for 2025 GDP growth, sees slowdown next year. Elsewhere, Italy’s economic growth likely slowed in Q2.
U.S. posts surprise $27 billion budget surplus in June, boosted by tariffs.
Canada records surprise job gains, June unemployment rate edges down.
Argentina inflation seen accelerating in June after May slowdown.
Reminder: Tomatoes might get costlier today. Also, Elizabeth Warren pushes back on plan to get private equity into 401(k)s.
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📈 Stocks
S&P 500 6,259.75 (-0.33%)
DJIA 44,371.51 (-0.63%)
NASDAQ 20,585.53 (-0.22%)
BRENT CRUDE 70.36 (+2.51%)
* Prices as of July 13th, 12:20 AM UTC
Trump announces new EU and Mexico tariffs
President Donald Trump announced a 30% tariff on goods from the European Union and Mexico, effective August 1, 2025, through letters sent to European Commission President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum.
The EU, the U.S.’s largest trading partner with $553 billion in goods imported in 2022, and Mexico, with $454.8 billion, face these tariffs as part of Trump’s push to address trade imbalances.
He warned that any retaliatory tariff increases by the EU or Mexico would be matched by adding the same percentage to the U.S.’s 30% rate.
EU companies can avoid tariffs by manufacturing in the U.S. The EU has delayed its planned countermeasures until August 1 to negotiate a deal, with von der Leyen stressing the need to avoid supply chain disruptions while preparing for potential countermeasures.
Mexico, calling the tariffs unfair, has formed a binational working group to tackle trade issues, as the two regions combined represent roughly one-third of U.S. imports.
Good to know: Nvidia’s Jensen Huang says AI could lead to job losses ‘if the world runs out of ideas’.
💵 Personal Finance
Empowering Wealth: Escaping the Beauty Expense Trap
In her transformative book Rich Girl Nation, Katie Gatti Tassin exposes the financial drain of beauty expenses, which she aptly calls the “hot girl hamster wheel.” This relentless cycle of spending on hair, nails, skincare, and other beauty treatments is often fueled by societal expectations and the allure of “pretty privilege”—the idea that physical appearance can unlock social and professional advantages. However, these recurring costs can quietly erode financial stability, leaving many women trapped in a cycle of spending that prioritizes fleeting aesthetics over long-term wealth.
The Cost of Beauty: By the Numbers
The numbers tell a stark story. On average, Americans spend $897 per year on their appearance, encompassing beauty and grooming products and services. But this figure varies widely based on gender, age, and income. Women, in particular, face disproportionate pressure, spending an average of $1,064 annually compared to men’s $728, according to one study. Younger generations, like Gen Z and Millennials, often outspend older generations, driven by trends amplified on social media platforms.
Strategies to Break Free
Here are practical steps to take control:
Track Your Spending
Set a Beauty Budget
Prioritize Value
Leverage Sales and Discounts
Embrace DIY Options
Question the “Must-Haves”
The Power of Redirecting Your Resources
The beauty of the “hot girl detox” lies in what it enables. Every dollar saved is a dollar that can work for you. Paying off high-interest credit card debt can save thousands in interest over time. Building a cash cushion—aim for 3-6 months of expenses—provides peace of mind and protection against life’s uncertainties. Investing even small amounts consistently in a low-cost index fund can grow exponentially over decades, thanks to compound interest.
Redefining Self-Worth and Empowerment
Spending on yourself isn’t inherently wrong—self-care can boost happiness and reduce stress. The key is intentionality. Invest in what truly aligns with your values, not what society dictates. A $50 facial might feel good, but so does the confidence of a growing savings account or a paid-off student loan.
The “hot girl detox” is more than a budgeting exercise; it’s a mindset shift. It’s about rejecting the notion that your worth is tied to your appearance and embracing the power of financial independence. By stepping off the hamster wheel, you reclaim your time, energy, and resources to build a life that reflects your true priorities.
Do you believe beauty care reduces stress?
💰 Be a Better Investor
"Don’t tell me what you value, show me your budget, and I’ll tell you what you value."
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👩🏽⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.