GSI Banner
  • Free Access
  • Contributors
  • Membership Levels
  • Video
  • Origins
  • Sponsors

  • Free Access
  • Contributors
  • Membership Levels
  • Video
  • Origins
  • Sponsors
  • Contact

© 2025 Grey Swan Investment Fraternity

  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
  • Do Not Sell or Share My Personal Information
  • Whitelist Us
Ripple Effect

Yesterday’s Biggest Market Loser Will Be Back

Loading ...Addison Wiggin

July 31, 2025 • 1 minute, 19 second read


Copper

Yesterday’s Biggest Market Loser Will Be Back

Yesterday, the Federal Reserve held interest rates steady at a 4.25%-4.5% range.

The real action came from President Trump’s various trade announcements.

That included finalizing a tariff on raw copper imports of 50%. That’s lower than what Trump had hinted at – imagine that.

As a result, copper had its biggest daily drop on record, and the metal gave up all of its massive gains for 2025:

Turn Your Images On

Copper prices soared on the prospect of steep tariffs, then collapsed as the reality wasn’t as bad as imagined

The U.S. still needs to import about 1 million tonnes of copper annually to meet its needs.

Just as the market overreacted and overheated, now may be a second chance to buy into the copper trade with a longer-term view.

~ Addison

P.S. While the Fed held rates steady, two members of the FOMC dissented from the decision, the first time since 1993.

Turmoil continues to brew at the Federal Reserve, and it’s very likely that the next Grey Swan event is kicked off from events swirling around the Fed, its Chairman Jerome Powell, and President Trump – who once again took to Truth Social this morning to criticize Powell for being, “TOO LATE.”

That’s why assets like gold, which also sold off yesterday, still look attractive.

Our very first recommendation in the Grey Swan Trading Fraternity seeks to capitalize quickly on copper’s whopper price action. Details for new paying members are on the way. Check your inbox.

As always, your reader feedback is welcome: feedback@greyswanfraternity.com (We read all emails. Thanks in advance for your contribution.)


Volatility Season Arrives Like Clockwork

August 1, 2025 • Addison Wiggin

With tariff tantrums back on the menu, investors might want to look back on the spring volatility – and plan accordingly over the next few months.

Remember, volatility isn’t just markets going down. It means bigger one-day moves in the market. So if you haven’t taken some recent profits off the table and increased your cash position yet, today’s market drop is a flashing signal to do so.

Volatility Season Arrives Like Clockwork
American Squeeze

August 1, 2025 • Addison Wiggin

Today, Trump’s global tariff regime kicks in.

Officially.

For the second time.

Sort of.

The president’s order applies a 10% minimum global tariff, with hikes to 15%–41% depending on trade balances.

Canada was walloped with a 35% rate, though the updated NAFTA trading agreement, known as USMCA, were spared.

American Squeeze
Junk Bonds and Bad Debts

July 31, 2025 • Addison Wiggin

As January 2001 began, economists must have been on the edge of their chairs. Would the Fed, which had debased the currency it was supposed to protect, now turn out to be the savior of the whole economy? Nowhere in the Federal Reserve–enabling legislation is there any mention of a “chicken in every pot.”

There is no discussion of “protecting Wall Street’s commissions,” of “bailing out underwater businesses,” of “stimulating consumers to buy,” of “helping Americans go further into debt,” nor of “reinflating leaky bubbles.” Yet, those were the things the Fed now aimed to do.

Junk Bonds and Bad Debts
Disorderly Conduct

July 31, 2025 • Addison Wiggin

The Personal Consumption Expenditures (PCE) Index is the Fed’s favorite inflation gauge. Economists expect it to rise from 2.3% to 2.5% as tariff pressures bleed through. Core PCE, which strips out food and energy, is widely expected to hold at 2.7%.

Earnings season update: We’ll also hear from Apple, Amazon, Mastercard, Coinbase, Ferrari, and S&P Global, among many others. It’s a crucial read on whether this earnings rally has legs—or if it’s a sugar high.

Retail investors are likely to respond when the indexes move in a clear direction up or down. We suspect it’s going to take an exogenous event to make record retail investor sentiment come down off market euphoria.

In other words, the market remains a bubble in search of a pin… ‘cept earnings seem to be keeping a few key stocks aloft.

Disorderly Conduct