Hedge fund flips a 225% gain into a 40% loss in a month. Dimon warns market leverage is dangerously high. Shiller P/E is threatening to break dot com bubble records.

One hedge fund turned a 225% winner into a 40% loss in a single month, and it may have marked the low.

A long/short momentum trade inside US tech returned 225% in the year to June, then shed nearly 40% in July as Situational Awareness, Leopold Aschenbrenner’s AI fund, imploded and dumped its entire book.

That was forced deleveraging. The earnings never cracked. Microsoft and Amazon printed fine, and hyperscalers have already ripped back to records.

When leverage blows out, it clears the runway. The stop-out handed everyone else a cleaner entry into semis.
$SMH

One hedge fund turned a 225% winner into a 40% loss in a single month, and it may have marked the low.

A long/short momentum trade inside US tech returned 225% in the year to June, then shed nearly 40% in July as Situational Awareness, Leopold Aschenbrenner's AI fund, imploded… pic.twitter.com/0EljZeuCbb

— Kurt S. Altrichter, CRPS® (@kurtsaltrichter) August 7, 2026

New: JPMorgan CEO Jamie Dimon says market leverage "is pretty high"

Referencing Leopold Aschenbrenner, he warns a sudden disruption could leave investors “rattled" pic.twitter.com/60BMLLEIhq

— Michael Burry Stock Tracker ♟ (@burrytracker) August 6, 2026

My dream of the Shiller P/E going above the dot-com top may soon come to fruition.

So far we're at 42.12 – that's the dot-com "top-flat region". But the peak was 44.19 – that's what we have to beat! pic.twitter.com/h9XEX7d1Ef

— Data Driven Stocks (@stockdatamarket) August 7, 2026

South Korea now runs the most volatile major stock index on earth, more volatile than Bitcoin.

The Kospi's volatility topped 60% this year and tripped circuit breakers 9 times, versus once in all of 2024. Two AI memory-chip names, Samsung and SK Hynix, are now more than half the… pic.twitter.com/lOgrg7SeUL

— Kurt S. Altrichter, CRPS® (@kurtsaltrichter) August 7, 2026

GOOGLE $GOOGL JUST UPDATED ITS STOCK PORTFOLIO

This is everything Google owned as of the end of Q2

SpaceX $SPCX: 551,189,500 shares
Planet Labs $PL: 35,248,893 shares
AST SpaceMobile $ASTS: 8,943,486 shares
CME Group $CME: 3,484,020 shares
ARM Holdings $ARM: 1,960,784 shares… pic.twitter.com/s1hiDUXr81

— Evan (@StockMKTNewz) August 7, 2026