TRADING ENDS FOR THE MONTH OF JULY. - Momentum has its worth month in 20 years but gets a slight recovery in the last two days - One of the largest AI funds lost 67% of its value in July after being 4x levered on $45b of assets but still is +80% YTD after Citadel buys their book - The Fed didn't hike rates - $AMZN $GOOGL and $MSFT proved that AI is bringing an ROI with their cloud businesses and are only going to increase capex - Financials, insurance, energy, and healthcare have a great month - Oil spikes 15% due to Iran war fears - The South Korean KOSPI Index ends -20% for the month but was -40% during the worst of it Enjoy the weekend, if you got through July then you deserve to. August up next!
