​Bonds & Gold Soar In July Amid ‘DotCom-Style’ Collapse In Crowded-Trades – Tyler Durden

Bonds & Gold Soar In July Amid ‘DotCom-Style’ Collapse In Crowded-Trades Bonds and bullion outperformed in July with the dollar down and oil getting hammered… Source: Bloomberg And while the broad S&P 500 managed very modest gains in July – there was a massive divergence between Small Caps (+12% in July) and Nasdaq (-1.5% in July)… Source: Bloomberg Crowded consensus trades suffered in July. e,g, A.I… Source: Bloomberg Thanks to a massive $440BN surge today (the biggest day since Feb), the market cap of Magnificent 7 stocks ended the month down only 2.5% (though admittedly down 10% from the highs)……  — Continue at ZeroHedge News : Read More