This is absolutely insane...

This is absolutely insane... This July is officially the WORST month for momentum stocks in the HISTORY of the stock market 😳 Worse than 2000, 2008, and 2020... Goldman US High Beta Momentum Monthly (%) -37.07 Source: Hedgeye Risk Management, Bloomberg Go back through all of history: IT'S NEVER BEEN SO FAR BACK So far in July 2026, we're seeing, on average, a 36% decline among this basket of stocks These are mostly retail-centered stocks... Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec This major decline has been driven mainly by high-beta AI-linked stocks... Stocks like $MU, $SNDK, $INTC, $AMAT, $AMD, and so many more have caused this action Just look at the recent performance of Semiconductor stocks since the beginning of July... $SMH US Semiconductor Rally Is Cracking on AI Jitters Philadelphia Semiconductor Index S&P 500 Index Rally has faltered since hitting a record Source: Bloomberg As if it couldn't get any worse... The Nasdaq officially hit correction territory today 🩸 That's a 10% decline, or more, from all-time highs... This is the second correction in 6 months, which is a very rare circumstance... Correction Territory Nasdaq 100 Index heads for a 10% drop from its June record Nasdaq 100 Index Source: Bloomberg It all comes down to the Fed event & hyperscaler earnings tomorrow... These two events will arguably make or break the market for the next 6-12 months In order to see the market higher, you want the Fed holding rates steady tomorrow, and hyperscalers demonstrating great profit along with continued spending in AI... $MSFT $META