PremiumTl;dr: July was defined by the sharp re-escalation of the US-Iran conflict and renewed disruption risks in the Strait of Hormuz. This drove extreme oil volatility, lifted inflation expectations and bond yields, and pressured equity markets - particularly tech/momo - as central banks held rates steady while raising uncertainty on the path forward.Despite a hopeful bounce to end the month (was Leopold the only one 4x levered balls-deep?), it was a bloodbath for most assets... Nasdaq's worst July in 22 years, bonds' biggest July yield-spike since 2005... oil's biggest July jump in over 30 years.Oil
Blood In The Streets: Tech Wrecks, Bonds Battered, & Crude Catapults In July Jolt
...Nasdaq's worst July in 22 years, bonds' biggest July yield-spike since 2005... oil's biggest July jump in over 30 years,
TL;DRAI
US-Iran escalation and Hormuz disruption made July the Nasdaq's worst month in 22 years, with oil reaching 30-year highs and bond yields spiking to 2005 levels. Rising rates and geopolitical uncertainty pressure tech valuations; infrastructure and energy costs threaten margins as supply-chain fragility resurfaces.
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