- US and Iran rhetoric escalated, causing oil prices to spike and bond yields to rise while dragging stocks lower.
- The Nasdaq, Tech, and Energy sectors outperformed despite the broader market downturn.
- Gold and bitcoin prices surged alongside a steepening yield curve, reflecting growing market doubts regarding Federal Reserve policy.
- Big tech companies issued $192 billion in bonds through late July 2026 to fund AI infrastructure, pushing the 30-year US Treasury yield to a 2007 high of 5.27%.
- This surge in corporate borrowing creates intense competition for investor capital, offering yields exceeding 6% for Alphabet bonds and 7.5% for Meta debt.
- The high fixed-income returns have diverted capital away from non-yielding digital assets, causing Bitcoin to drop 45% to $64,206 over the past 12 months.
