Premium'Geopolitical Momentum Is Stalling': Goldman's 1-Delta Desk Warns 'Lots Of CTA Asymmetry To The Downside Now'
The shortened week ended with an aggressive rally into the holiday/expiry, driven once again by AI.
There was no obvious catalyst beyond the market’s continued desire to buy the dip and re-engage with the familiar constraint stories: power, semis, memory and AI infrastructure. Intel rallied 10% following unconfirmed reports of a potential Apple manufacturing engagement.