ZeroHedge72%
Momentum Melts Up For Best Day On Record; Bonds Dumped As Everything Else Pumped 92%
By Tyler Durden63%
7/21/2026, 1:00:00 PM
BS Summary: This article contains 12 faulty reasoning types, including Confirmation Bias, Recency Bias, and Biased Writer Voice, with Post Hoc (False Cause) as the most egregious example at 75.2% saturation with 82 hits. Analysis detected 456 faulty-reasoning hits from 109 analyzed words, generating a BS Score of 85.6% and a BS Rank of 92% (1,921 of 21,887 articles). This article is worse (more manipulative) than 91.20% of the article peer group.
Tl;dr: The 'great rotation' & 'broadening out' narratives took a beating today as traders dived aggressively back into the Semis/Momo stocks (felt like more covering than new longs), lifting Nasdaq to notable outperformance (record momo meltup ahead of Mega-Cap earnings).
Tariff tensions were shrugged off (CAD weaker but inflation fell too) as the dollar ripped higher.
Gold, bitcoin, and oil all rallied notably as Mideast (and Black Sea) attacks escalate (and spread regionally), lifting rate-hike odds and bond yields (to 2mo highs).
Equities notably decoupled from the bond-oil couple today...
Oil
Stocks
Rates
Everything Else
Speakers
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Analysis
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