Latest / FactSet Evening Market Recap

Evening Market Recap - Thursday, 30-Jul
US equities were higher in Thursday trading. The momentum trade bounce was the big story. It played into recent talks around the unwind trade being largely exhausted. The biggest focus was on the hedge fund Situational Awareness, which suffered heavy losses from AI trade selloff, and is now said to have exited all of its public positions.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.