​Dow Hits Record High But Nasdaq Dumps As Oil & Gold Jump – Tyler Durden

Dow Hits Record High But Nasdaq Dumps As Oil & Gold Jump Amid the doldrums of summer liquidity, today saw some give back from Friday’s euphoric response to Jay Powell’s latest flip-flop. Rate-cut expectations declined (most notably focused on a shift from 2024 to 2025)… Source: Bloomberg Stocks – broadly-speaking – did not love it and gave some back with the Nasdaq the biggest loser (and S&P dragged down by Tech). The Dow managed to reach a new all-time high before purging most of it back. It’s been an interesting couple of days for Mag7 stocks… Source: Bloomberg …as the…  — Continue at ZeroHedge News : Read More