Swami Weekly Wrap: July 13th, 2026 [No major changes; dollar setting up next leg]

Hi Swami Subs,

No major macro changes this week, but the setup is still important: the dollar remains firmly bullish, SPY is back near the top of its range, and there are no clean new buy signals forming in the major indexes. This is a week where patience matters.

On the Swami All-Equity side, THE MACHINE likes the setup in XLF (SPDR Financials Sector ETF) as many of the top financial names report earnings Tuesday, including JPM, BAC, WFC, C, and GS. SAE has trailed the market for two straight weeks, but remains meaningfully ahead of SPY on a year-to-date basis.