Bankless · Friday, August 7, 2026
The stock market, particularly the S&P and NASDAQ, has seen a significant V-shaped recovery, hitting all-time highs despite recent volatility. This resurgence is linked to the ongoing AI trade, with some speculating that large liquidations, potentially involving traders like 'Leopold' and 'Ashenbrenner', may have contributed to market confidence. The market appears to be signaling that the AI narrative remains strong.
“S&P and Dow Jones and the indices hitting all-time highs. when there was blood on the streets last week.”
“The candle looks like that. It is a, the weekly candle in the S&P is a 3% candle that brought it from 7,500 all the way up to the tippy top, almost 7,800.”
“It does seem like confirmation that at least the market thinks the game is not over for AI and the AI trade continues.”
“And so it's like, it almost looked like it was targeted to take him out. And then you're like the market spins back on the other side of things.”