Morning Market Notes 07-15-26

Market Calendar

$SPX & $QQQ

The VIX is bleeding again, down 2% into the low 16s. PPI was the morning test, consensus wanted the monthly print negative after last month's hot 1.1%, and the first reaction off the 8:30 release isn't scaring anyone. The real tell is positioning: yesterday's 750 Call Wall on SPY is today's Put Wall. Dealers rolled the ceiling up to 757 overnight, that's the market repricing higher after CPI played ball.

The grind higher stays the path of least resistance, lose 7500 and the post-CPI froth unwinds in a hurry. After the 8:30 data dump it turns into another Fed parade: Warsh back in front of Congress at 10 for round two, Cook at 1, the Beige Book at 2, and Musalem tonight. That's a lot of mic time.

Let's have a sesh.

This old Soldier is at $82K and counting

You read the morning analysis. Blu reads the same notes, then he watches the real-time flow confirm the setups and stacks payouts toward a $100K month. That's the difference between reading about the move and being in it.