Momentum Trader

Aug 17, 2026 · bearish

(https://www.cnbc.com/2026/08/17/druckenmiller-loaded-up-on-amazon-and-chip-stocks-before-july-rout.html) *before* July's crash. Translation: peak conviction into peak drawdown. The mega-cap tech rally that looked unassailable in June is now revealing its structural weakness — and the data shows why.

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