The Most Brutal High Beta Momentum Sell-Off Ever Recorded?

The market is experiencing what the author claims is the worst high beta momentum stock sell-off in history, surpassing the Great Financial Crisis, tariff tantrum, COVID crash, and dot-com bubble. The sell-off began at the end of June and has persisted with relentless pressure across high beta and momentum stocks, with no single clear fundamental catalyst explaining its magnitude.

Why it matters: Contributing factors include the failed Iran deal, potential rate hikes, ongoing Iran conflict, and historically weak equity performance during presidential midterm cycles, though none alone account for the severity of the move.