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Hedge Funds Cut US Technology Stocks as Magnificent Seven Exposure Falls

• Hedge funds sold the most US information technology equities on record in the week ending June 25, according to Goldman Sachs data beginning in 2016.

Nitish Kishor | 30 June 2026

Nasdaq Heads for Best Quarter Since 2020, Supreme Court Expands Presidential Power and Iran Denies Qatar Talks: 7 Reads Before Tuesday's Bell

1. HALF-YEAR CLOSE: Nasdaq +19.6% Q2, Best Quarter Since 2020; S&P 500 Best First Half in 5 Years; DJIA Record Close Monday; Final Session Today

Nitish Kishor | 30 June 2026

US Sector Performance Analysis: Consumer Discretionary and Technology Lead Broad Market Rally

The US equity market delivered a strong risk-on performance on June 29, 2026, with investors rotating back into growth and cyclical sectors. Consumer Discretionary and Technology led gains, while Communication Services and Industrials also attracted significant buying interest. The session reflected improving investor confidence …

Robert Luong | 30 June 2026

ASX Sector Momentum Analysis: Defensive Leaders Hold Ground While Utilities and Technology Gain Momentum

The ASX sector rotation profile on June 29, 2026, reflects a market still led by defensive sectors, although momentum is gradually broadening across the market. Health Care, Consumer Staples, Communication Services, and Utilities continue attracting institutional capital, while Technology and Financials are showing encouraging …

Robert Luong | 30 June 2026

Hormuz Reopens After Weekend Attacks, Comcast Surges 26% on NBCUniversal Spinoff and Alphabet Joins the Dow: 7 Reads Before Monday's Bell

1. IRAN/HORMUZ: U.S. and Iran Agree to "Stand Down" After Weekend Attacks; Hormuz Vessels Moving Freely; Technical Talks Resume; WTI Back Above $70

Nitish Kishor | 29 June 2026

US Sector Momentum Analysis: Defensive Leadership Persists While Technology Weakens

The US sector rotation profile on June 26, 2026, continues to reflect a market environment characterised by strong defensive leadership and broad sector participation. Utilities, Financials, Health Care, Consumer Staples, and Real Estate continue attracting institutional capital, while Consumer Discretionary steadily improves its momentum …

Robert Luong | 28 June 2026

US Sector Performance Analysis: Health Care Surges While Technology and Industrials Retreat

The US equity market delivered a mixed but generally constructive performance on June 26, 2026, with investors rotating into defensive and interest-rate-sensitive sectors while reducing exposure to technology and industrial shares. Health Care emerged as the clear market leader, while Real Estate and consumer-related …

Robert Luong | 28 June 2026

Big Tech Funds OpenAI and Anthropic, Then Builds Cheaper Competing Models

• Microsoft, Amazon, and Google have collectively invested tens of billions into OpenAI and Anthropic while simultaneously developing lower-cost competing AI models.

Vinay Lochav | 28 June 2026

Week Ahead (June 29 to July 3): June Jobs Report and Falling Oil Prices to Settle the Fed's Second-Half Direction

U.S. equity markets close out the first half of 2026 with the S&P 500 up more than 7% for the year, but June has been a rougher month, with semiconductor shares seeing outsized volatility as investors calibrate their AI optimism against a Federal Reserve …

Vinay Lochav | 28 June 2026

From Proxy to Pure-Play: How the 2026 AI IPO Wave Is Redrawing Capital Allocation Across US Equity Markets

• SpaceX raised $75 billion on June 12 in the largest IPO in stock market history, listing on Nasdaq under ticker SPCX at $135 per share.

Vinay Lochav | 28 June 2026
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