Global Markets · · 1 min read
The Test Moved West
Two weeks of Asia shocks, and then this: a rate repricing, a $100 oil print and a cracked semiconductor band — all of it made in America. The ex-US map closed nearly unchanged, and Taiwan finished green
Edition · July 25, 2026
The full edition of “The Test Moved West” was published on Substack — please read it there:
- 📰 Substack: substack.closelook.net/p/the-test-moved-west
- 💼 LinkedIn (subscribe): www.linkedin.com/newsletters/closelook-global-stock-markets-7136295936971960322/
A short summary:
Two weeks of Asia shocks, and then this: a rate repricing, a $100 oil print and a cracked semiconductor band — all of it made in America. The ex-US map closed nearly unchanged, Taiwan finished green — and the Global Compass, the letter’s new recurring relative-strength block, makes its debut.
The canonical edition lives on Substack at the link above.