July ends on a hopeful note for stocks after momentum trade sees biggest wipeout since 2000
Investors are seeing more signs that the bottom is near, if not already in.
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# Summary After momentum stocks suffered their worst selloff since 2000, investor sentiment shifted positively by month's end as market participants increasingly believe the market bottom may be at hand or recently passed. This technical capitulation in high-flying growth stocks, combined with renewed optimism, suggests potential stabilization ahead for equity markets after an extended downturn.
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