QQQ just had its worst July in 16+ years a 4-sigma event. Bond yields are back near 2007 levels, the Fed chair refuses to give forward guidance, oil is ripping because of a war with no clear end date, and now the AI narrative that carried this entire bull market is starting to crack.
Commodities, energy, hard assets, and value is the move from here. The market may finally be done rewarding every company that says “AI” 40 times on an earnings call.
TLDR: I’ll be loading up on (hard assets🍆) once Wendy’s direct deposit hits.