Goldman Top Tech Trader: All Market Anxiety Has Given Way To Singular Focus On GenAI

Some thoughts from Goldman's Tech specialist Peter Callahan as we enter a new week. 

1. Sentiment: Nasdaq now flat for the last 3 weeks, and down -17 bps since June 4th, as markets remain in consolidation mode, just below ATH levels; that said, there remains plenty of action under the hood as single-stock volatility and dispersion has picked up -- look no further than the 8pts of outperformance for Semis vs Software this month,