July "Has Been A Hard Month" But Here's What Goldman's Top Tech Trader Is Watching Into Earnings

There is no way to sugar coat it, says Goldman Sachs Partner, John Flood, July has been a hard month, with painful volatility in popular AI infrastructure stocks renewing investor interest investment themes outside of AI... 

Per GS PB data, last week global Fundamental L/S HFs lost 2.8% (alpha: -1.5%), now down 4.4% in July, yet still up 13% YTD. Asia focused funds experienced their worst week on our records down more than 8% (but still up 22% YTD). Global Systematic LS managers down 0.6%, marginally up MTD and up 11.4% YTD.