Dow Hits Record High But Nasdaq Dumps As Oil & Gold Jumps

Via ZeroHedge Amid the doldrums of summer liquidity, today saw some give back from Friday’s euphoric response to Jay Powell’s latest flip-flop. Rate-cut expectations declined (most notably focused on a shift from 2024 to 2025)… Source: Bloomberg Stocks – broadly-speaking – did not love it and gave some back with the Nasdaq the biggest loser […] Source