"Short-Lived" Hiking-Cycle, "Neutral" Positioning, 20x Multiples: Goldman's Guide To Buying AI While The Left-Tail Is Still On Fire

So the hiking cycle is back on, September is doing what September does, and, as Goldman Sachs global head of custom equity baskets, Louis Miller, notes in this week's "Global Reflections" (available here in full for pro subs) the only thing standing between the S&P and another 5% 'nothing to see here' air pocket is the same AI bid that spent the summer getting its face ripped off.

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