As Midterms Loom, Goldman Suggests Hedging "AI Politicization"

We have seen multiple corrections in the AI ecosystem.

The last correction lasted a little over thirty days where our Broad AI basket (GSTMTAIP) underperformed the SPX Index excluding the Mag7 (X7) by ~12pp.

This is not the worst correction we have seen in the last 2 years and we have not fully recovered yet.