Readings — 27 July 2026
MACRO — The Economy
The Interest Bill: unchanged at $1.05T FYTD (still as of 30 Jun 2026); the debt itself ticked up from $39.66T (21 Jul) to $39.68T (23 Jul). [Confirmed]
Manic Mr Market: unchanged at 218.1% (2026 Q1) — still Significantly Overvalued, same quarter’s reading as last week. [Confirmed]
The Melting Anchor: the dollar’s gold value holds at 0.86% of 1971 — unchanged; live gold spot eased from $4,093/oz (23 Jul) to $4,083/oz (27 Jul). [Confirmed]
MICRO — The Stocks
Utopia’s Eleven: combined market cap fell from $26.44T to $25.56T. The lead changed hands — NVIDIA ($5.13T last week) has been overtaken by Apple, now $4.94T, with NVIDIA second at $4.78T. Banquo’s Ghost (value shed from all-time highs) widened from $3.61T to $4.29T. [Confirmed]
The Debt Garden: combined plot ticked up from $27.9B to $28.0B; still 6 of 6 constituents below their series high, median weeks-since-peak unchanged at 412W. [Confirmed]
Cape Fear: unchanged at 42.18 (Jul 2026) — still the 99th percentile since 1881, same monthly print as last week. [Confirmed]
DEMOS — The People
The Mood of the Crowd: both readings unchanged — US sentiment 49.5 (0th percentile), UK confidence −17.0 (24th percentile); same June prints as last week’s edition. [Confirmed]
The Camel’s Back: unchanged at 155 — illustrative scaffolding, no live feed, nothing to update.
POLIS — The State
The Watchtower: US midterms now 99 days out (from 103); the Fed’s 29 Jul decision — same date as last week — has closed in from 6 days to 2; UK general election still ~3.0 years out at the legal-latest date. [Confirmed/Inferred as tagged on-site]
The Long Fuse: no live feed, nothing to update.
FLOWS — The Capital
Net Liquidity Tracker: net liquidity rose from $5.84T (8 Jul) to $5.92T — Fed balance sheet up to $6,747.4B (week ending 22 Jul) against a Treasury General Account of $829.6B (same week) and overnight RRP of $0.7B (24 Jul). [Confirmed]
The Tide Table: unchanged — passive funds still hold 55% of US fund assets, up from 34% in 2016; no new year-end print since last week. [Confirmed]
Mind the Gap: unchanged since 17 Jul — ¥162.43, US 10yr 4.55%, Japan 10yr 2.71%, a 1.84pp spread. [Confirmed]