Is the fastest and steepest sell-off in tech stocks in history coming to an end? Goldman Sachs reflects on the market's 'brutal rotation.'

He stated that the unwinding process of the momentum factor is 'nearing completion,' but there is currently a lack of catalysts for an immediate reversal in the near term.

wallstreetcn10:01

U.S. officials stated that 'a U.S. military base in Jordan was attacked four times in five days, resulting in the deaths of two American service members,' while Iran's Supreme Leader emphasized that the United States would be given a 'lesson it would neve

According to U.S. sources on July 18, several U.S. officials stated that Iran has launched four attacks over the past five days against U.S. military bases in Jordan, resulting in two American military personnel killed, dozens injured, and multiple helicopters damaged.

wallstreetcn09:44

Has the AI bull market ended? The market is filled with uncertainty.

Despite strong earnings and aggressive capital expenditure plans from major tech firms, their stock prices have remained stagnant—a puzzling divergence that is confounding Wall Street. Nomura Securities has warned that the end of the AI boom, once framed in three scenarios, has now evolved into four intertwined pathways, with the cost-benefit calculus growing increasingly blurred. The sharp selloff in semiconductors alongside gains in software suggests a quiet repricing by investors, while bond markets have so far shown no signs of pricing in rate cuts, indicating that the market has yet to fully price in the end of the AI rally.

wallstreetcnJul 18 11:46

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 FinanceJul 18 09:46

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.

wallstreetcnJul 18 09:10

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.'

wallstreetcnJul 18 06:54