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Vol. I — No. 128
MERIDIAN
Markets · Crypto · The Frontier Economy
THE ARCHIVE
Every market day since 2009

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Markets at a Glance

Equities

S&P 5007,463.20+0.42%
Nasdaq Composite25,614.88+0.61%
Dow Jones53,041.15+0.27%
VIX18.02-1.10%
SpaceX (SPCX)158.40-1.62%
Nvidia (NVDA)195.12-0.88%

Digital Assets

Bitcoin$63,180+2.14%
Ethereum$1,776+1.35%
XRP$1.42+9.8%
Arbitrum (ARB)$0.87+10.2%
BTC Market Cap$1.33T+2.0%
ETF Net Flow (wk)-$0.9Boutflow

Commodities & Rates

Gold$4,052-2.5%
Brent Crude$78.19+5.4%
WTI Crude$75.36+4.4%
US 10-Yr Yield4.18%-3bp
DXY103.44+0.2%
Unemployment4.2%Jun

Indicative levels as of July 9, 2026. Delayed at least 15 minutes. For illustration.

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Opinion & Analysis

A $2.1 trillion valuation for a company that lost $4.9 billion last year isn't a bubble — it's a bet that orbit is the next cloud.

The 200-week moving average has been Bitcoin's floor in every cycle. June was the first real test of whether the ETF era changed the physics.

Warsh inherited a divided Fed, a hot oil market and a cooling labor market. Someone is going to be wrong by September.

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