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Consider the $0.46 “No” at 3% For Tomorrow’s WEI: July 8, 2026

Consider the $0.46 “No” at 3% For Tomorrow’s WEI: July 8, 2026

Posted July 8, 2026 at 1:05 pm

Jose Torres
IBKR Macroeconomics

The Dallas Fed’s Weekly Economic Index (WEI) has signaled a modest slowdown in recent weeks that is poised to be reflected in tomorrow’s data as well. Indeed, the last two reports arrived at 2.57%, after coming in close to 3% for 5 consecutive prints. Meanwhile, weaker hiring conditions alongside loftier interest rates indicate that a lighter figure is in the cards as the buoyancy of the past several months continues to revert to the mean in the incoming update, but against this backdrop, the “No” at 3% is going for just $0.46. I consider the price to be significantly undervalued as it should be closer to $0.80, in light of a 2026 average of 2.67% amidst declining momentum in the present. The $0.34 and $0.83 “Nos” at 2.8% and 3.2% are also attractive in my opinion.    

Trump Greenland Remarks at NATO Summit Lift Odds

Odds of a sovereignty transfer of Greenland jumped from 19% to 25% during the past few days after President Trump said at the NATO Summit in Ankara that the US needs to control the territory “for the protection of the world”.

Source for images: Interactive Brokers Prediction Markets.

Note: Prices are highest bids as of the morning of July 8, 2026. 

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