"Trick Or Treat": Goldman's Spooky Chart Pack Shows AI Credit Pricing In A 15% Drop For Hyperscaler Stocks

Halloween came early on Goldman's custom baskets desk.

After a week in which CoreWeave imploded as stocks finally noticed what credit had been screaming (Oct 14) and the S&P posted its first "-1% SPX / -2% NDX" day since July, Goldman's Louis Miller sent clients his Friday evening "Global Reflections" note (available to pro subs) with a chart pack he describes as "in the spirit of mid October". The opening line does most of the work:

Credit Is Ahead Of Equities, Again