Premium"Mind The AI Gap" Warns Goldman As Momentum Cracks; Banks & Hard Assets Emerge As The Next Trade
This week’s price action was pure August de-grossing theater - except the magnitude of the moves blindsided a market that had convinced itself the end-July washout was already in the rearview.
Leverage in the AI complex has come down from the extremes, yet the residual inertia around the theme still produces the same indiscriminate, high-velocity dip-buying that has defined this cycle.