'Cracks Are Starting To Appear': Top Goldman Trader Suggests 'Tail Hedges' Against Hidden Leverage In Semis

Some cracks starting to appear in the more exuberant parts of the equity market, warns Goldman Sach trader Thilo Deller.

 Semis giving back some of the recent gains after Korea's Chief of Staff for Policy said Korea should design a national dividend system to return part of excess profit from AI to the people to avoid widening social gap of the K-shaped economy (though later clarified he only meant to suggest using excess tax revenue not their profit to support redistributive policies).