Tuesday was a key day. Was it a shift or a blip?

The momentum trade reversed.

Tuesday was a remarkable day in markets — not so much for the overall movement in the major indexes, but what happened underneath.

Value plays thrived while momentum stocks slumped. 


Whether this marks a sustained shift or not is the key question. There are reasons to think it might not. 

“It felt like the market wanted to clear its throat before Jackson Hole — a broad risk-off session where traders sold first, asked questions later, and left only Treasuries standing,” 

Steve Goldstein Aug. 20, 2025  

https://www.marketwatch.com/story/tuesday-was-a-key-day-for-the-markets-but-was-it-a-shift-or-a-blip-ba82d6f7

Momentum - Go with the flow?


Something bigger needs a trigger, says Citi.

The latest stock sell-off is just a rotation.  

That’s according to Citigroup analyst Scott Chonert, who pushed out a note during Wednesday’s market slide titled: “Is two days a trend?”

MarketWatch 21 August 2025

https://www.marketwatch.com/story/the-latest-stock-sell-off-is-just-a-rotation-something-bigger-needs-a-trigger-says-citi-a336c924


Wall Street på tisdagskvällen 

Ny rapport från MIT som visar att nästan ingen får avkastning på sina AI-investeringar.

Nvidia handlades ned 3,5 procent. Mjukvarubolaget Oracle sjönk 5,8 procent medan AMD, som också verkar i chipsektorn, också tappade över 5 procent. 

Ännu värre gick det för kursraketen Palantir, som utvecklar AI-mjukvara, som rasade över 9 procent.

Rapporten från MIT kommer bara dagar efter en av AI-erans förgrundsfigurer, Open AI:s grundare Sam Altman varnat för att en AI-bubbla kan vara på väg att bildas i takt med att investeringarna i industrin skenar.

https://englundmacro.blogspot.com/2025/08/open-ais-vd-sam-altman-tycker-sig-se-en.html

Victor Hultgren DI 20 augusti 2025

https://www.di.se/nyheter/tung-rapport-bakom-techpress-nastan-ingen-tjanar-pa-ai/

 

Five Big Questions for the Fed at Jackson Hole 2024 

augusti 2024 RPT 2024

Troligen plus ça change, plus c'est la même chose.





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