This week, Microsoft announced its fourth quarter results that surpassed market expectations. However, its Azure growth missed analyst estimates, the first time in two years, primarily due to supply constraints in meeting the Azure AI demand.

Currencies from the emerging markets were mixed in July. This is reflected by the MSCI Emerging Market Currency Index, as it posted a small increase (0.30%), while the JP Morgan Emerging Market Currency Index declined slightly (-0.15%).

Did you know McDonald’s is one of the world’s largest real estate owners? I would argue its real estate is a big part of its exclusive edge, as McDonald’s owns 41,822 restaurants across 100 countries, with around 95% of those franchised out.

In this video, I review the overall market, my game-plan with the indices, how our largest swings are holding up, and the stocks on my radar.