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S&P 500 surges over 6% in past five days, marking its biggest gain since last year's tariff tantrum.
The rapid comeback follows a challenging period for high-flying momentum names, with the iShares Semiconductor ETF (SOXX) having fallen 21.2% in July, its largest monthly drop in over 20 years. Goldman Sachs's High Beta Momentum Basket also experienced its biggest drawdown since 2000.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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