Premium'Palpable Nervousness': Top Goldman Trader Sees Opportunity In Market's "Dislocation From Fundamentals"
The strong run in AI themes and stretched positioning has created palpable nervousness around scope for an unwind, according to Goldman Sachs head of custom equity basket trading, Louis Miller, evidenced in yesterday's price action.
Miller says the desk is still convicted in our call to be Long the AI Complex but see value in hedging against potential near-term drawdowns.