Bullish investors in U.S. equities are retreating overnight, gold and silver positions show an unusual divergence, and trillions of dollars are quietly flowing into this long-overlooked corner of the market.

On Saturday (July 18), the Commitment of Traders report for the week ending July 14 revealed a dramatic 'asset reallocation' underway. Long positions in equity indices retreated significantly, with net long positions in the S&P 500 sharply reduced. In contrast, inflation-hedging precious metal gold and industrial metal copper continued to attract capital inflows. More notably, agricultural markets witnessed a large-scale 'short-covering rally,' as net short positions in corn and wheat declined sharply, signaling a subtle reversal in fundamental expectations. A deeper look into positioning changes across asset classes shows diverging safe-haven demand: gold regained favor, with net long positions rising by 4,294 contracts to 119,147 contracts, resuming an upward trend amid lingering uncertainty.

FX678 Finance09:46

Down 10% in a single week, suffering steep losses for three consecutive weeks, and down 20% from its peak! The 'AI bull market leader' has undergone 'one of the largest momentum sell-offs in history.'

The Philadelphia Semiconductor Index plunged nearly 10% in a single week, marking a cumulative decline of over 20% from its June peak and officially entering a technical bear market. Goldman Sachs characterized this as 'one of the largest momentum-driven sell-offs on record.' The primary driver was not deteriorating fundamentals but rather hedge funds unwinding their concentrated positions in the year’s most popular pairs trade—long semiconductors and short cloud computing providers—compounded by Taiwan Semiconductor’s capital expenditure warning, which sparked concerns over excessive investment. The resulting wave of selling has swept across global technology stocks.

wallstreetcn09:10

U.S. forces conducted airstrikes on Iran for the seventh consecutive night; Iran struck U.S. unmanned surface vessels in Bahrain and warned that it has entered a phase of 'full-scale offensive and destruction.'

The U.S. military stated that it launched a new round of strikes against Iran on Friday afternoon, Eastern Time. On the same day, Iran’s armed forces claimed to have struck a U.S. naval vessel in the Indian Ocean using land-based cruise missiles and to have attacked and destroyed a U.S. unmanned surface vessel storage facility in Bahrain. Iran’s Supreme Leader’s military advisor stated that the U.S.-Iran memorandum of understanding has become effectively void. If the United States continues its attacks in the coming days, Iran’s armed forces will move beyond the current phase of 'deterrence and retaliation' into a phase of 'full-scale offensive and destruction.'

wallstreetcn06:54

Top 20 by Trading Volume | Apple hits new high, approaching $5 trillion market cap; SpaceX Starship test flight fails, shares drop 5%; Meta reveals $10 billion AI computing capacity leasing deal; Taiwan Semiconductor announces additional NT$100 billion in

On Friday, Micron Technology, the most actively traded stock on U.S. markets, fell 0.5% with $53.876 billion in turnover. The stock declined on five of the past six trading days, accumulating a weekly loss of 13.31%. NVIDIA, the second-most actively traded stock, dropped 2.21% with $29.147 billion in turnover. During Friday’s session, Apple briefly surpassed NVIDIA in market capitalization, reclaiming its position as the world’s most valuable company for the first time in over a year. Investors now favor the iPhone maker to stage a comeback in the artificial intelligence race, especially as it does not need to commit the massive and increasingly risky capital expenditures on data centers that other major tech giants are undertaking. As of the close

Global Market Report06:52

U.S. Market Close | Kimi K3 Recreates the 'DeepSeek Moment'? Nasdaq Falls Another 1%; Memory Stocks Rally Then Retreat, SK Hynix Up Over 1%; ASML Holding Awards €20,000 Bonus to All Employees; Oracle's 5-Year CDS Spread Hits All-Time High; Crude Oil Surge

The Philadelphia Semiconductor Index fell 1.6% on Friday, marking a cumulative decline of 20% from its record high and entering bear market territory. Selling pressure in chip stocks dragged the Nasdaq 100 down by 1.5%, the S&P 500 declined 1%, and the Dow Jones Industrial Average dropped 0.8%. Escalating tensions between the U.S. and Iran pushed West Texas Intermediate crude oil up 4.3% to $82.34 per barrel. The yield on the 10-year U.S. Treasury note remained largely unchanged at 4.55%.

wallstreetcn06:11

S&P DOW JONES INDICES AND MSCI ANNOUNCE CONSULTATION ON POTENTIAL CHANGES TO THE GLOBAL INDUSTRY CLASSIFICATION STANDARD (GICS)

PR Newswire06:03