WSJ July 15 report exposes dramatic global economic divergence: ICE Dollar Index posts worst 50-year performance, plunging 13% vs Euro; mega banks celebrate (KBW index +14%) while regional banks struggle (+3% only); tariff uncertainty spawns new opportunities as Zonos software surges helping firms calculate tariff costs; US copper hits record highs, 37% consumers abandon purchases over unsustainable packaging; Pittsburgh steel ruins transform into AI compute hubs, private equity battles for $12T 401k market, Grayscale plans IPO. Traditional retail survival: Printemps NYC creates "apartment-style" experience, Mars decodes "cat insecurity syndrome."

Goldman Sachs China Property Weekly (July 15) reveals: New home sales plunge 30% while second-hand transactions surge 16% YTD; Developer valuations crash to 0.5x P/B ratio, lowest since 2008; Urban village redevelopment emerges as demand-side catalyst, but 26-month inventory overhang persists; Market confidence severely damaged with widespread bearish price expectations. Warning: Excessive construction could worsen oversupply, policy precision crucial.

UBS July 14 tactical report reveals unprecedented US equity divergence: Bulls cite CTA's incoming $60-70B buying spree, retail's $155B YTD purchases, Fed dovish pivot, July seasonality strength, 38% OECD expansion probability; Bears highlight Shiller PE at 37.8x (98th percentile), EPS growth 9.26% vs GDP 1.5% severe disconnect, tariff fear index at 0 exposing fatal blind spot, late-cycle signals flashing. Core paradox: valuations historically high yet pro-cyclical during expansion - can short-term technical/flow tailwinds override long-term structural risks?