Latest / Market Pulse by Orestes Capital
August 3, 2026 - Oil Crashes, Tech Rallies—But Institutions Are Selling
Oil collapsed nearly 8% as geopolitical risk around Iran eased, pulling yields lower and igniting a powerful megacap technology rally—but the surface strength concealed one of the most aggressive institutional de-grossing episodes tracked in years.
This episode examines how the Treasury market, Japan’s reported $34 billion currency intervention through the Federal Reserve’s FIMA repo facility, and stronger ISM manufacturing data combined to reinforce the soft-landing narrative. We break down the surge in Amazon, Meta, Microsoft, and Palantir; Apple’s decline and continued weakness across…
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