JECohen says AI spending scrutiny drives July market volatility, Nasdaq slips 3.2%

• JECohen’s July 2026 market update flagged higher volatility as AI spending doubts, rising Treasury yields, and renewed Middle East tensions pressured risk assets.
• S&P 500 fell 0.1% in July; Nasdaq slid 3.2%; Dow rose 0.3% as the VIX briefly jumped to 21.
• Long-end rates tightened financial conditions; 30-year Treasury yield ended near 5.28%, 10-year at 4.74%; Bloomberg U.S. Aggregate Index fell 1.3%.
• Oil shock risk resurfaced; Brent briefly topped USD 100, ending near USD 90; WTI closed around USD 85 on Strait of Hormuz disruptions.
• Fed held rates at 3.5%-3.75% on a 9-3 vote; reduced forward guidance lifted uncertainty, with markets pricing a possible hike by October.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JECohen published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.