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Why the AI trade is not set up for a rebound like July’s, according to JPMorgan

Fewer shorts, buybacks ending, no inflows and too many longs imply no recovery is imminent, says a JPMorgan strategist.

Why the AI trade is not set up for a rebound like July’s, according to JPMorgan

We haven't written up this one. MarketWatch has the full story — the link below goes straight to it.

Also reported by 1 other outlet

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HK stocks slip as new fears weave around AI boom

Mainland stocks fell on Thursday to their lowest close in 14 months, tracking broad weakness across global markets, as technology shares led declines after stronger-than-expected US inflation data…

  • Hong Kong's Hang Seng Index fell 1 percent to 24,062
  • Technology shares surged, sparking rate hike concerns
  • US inflation data reignited Fed rate hike speculation

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