TOPLEY’S TOP 10 July 09 2024

1.The U.S. Now Produces More Energy Than It Consumes

Torsten Slok, Ph.D.Chief Economist, PartnerApollo Global Management 
For the first time in more than sixty years, US energy production is now higher than US energy consumption, see chart below.


2. Nasdaq Advance/Decline Line Image on Concentration of Stock Returns

A/D vs. NASDAQ index, showing a major gap & indicating just a few stocks are driving the entire index (Source: Zero Hedge

3. But Earnings Season Projected Positive…Forward Earnings for S&P Rising


4. Software ETF Break-Out to New Highs.

Software IGV Chart

5. Jobs Numbers Should Push Fed to Lower Rates


6. Short-Term Bonds Price Rising

Are short-term bonds pricing in rate cuts…50week thru 200week on long-term chart?

7. Intel Received Biggest Direct Investment from Chips Act


Chips Act has been no help to chart…Held support levels and bounced 10% in 5 days.

8. Wind Passes Coal for U.S. Electricity 

9. These Are the Best U.S. National Parks—and They’re Not Even That Crowded

WSJ By Emily Pennington and Tom Corrigan

10. Ranking the Best TV Shows of All-Time