Jul. 13 at 7:58 PM
Why markets are struggling right now:
New tariff concerns
Trump’s proposed 20% “cargo tariff” could push prices higher, increasing inflation concerns and reducing the chances of near-term rate cuts.
Middle East tensions
Iran’s proxy activity targeting refineries in the region, including allies such as Bahrain and Kuwait, raises concerns around oil prices and broader geopolitical escalation.
KOSPI selloff impacting semis
South Korea’s KOSPI dropped sharply overnight (-9%), putting pressure on
$SKHY.X and memory stocks.
When memory names weaken, semiconductor sentiment often follows across the sector.
The positive:
Software names are seeing rotation:
$PLTR
$RDDT
$CRM
$NOW
...
This suggests broader market participation is improving.
High-beta names have struggled in July, and the pattern looks similar to recent years — a period of consolidation for the most momentum-driven stocks.
Short-term volatility remains high, but capital rotation is creating opportunities across different areas of the market.
