"Still A Couple Of Weeks Away From A Bottom": Goldman One-Delta Desk Asks The Uncomfortable AI CapEx Question

Objectively, Goldman Sachs One-Delta desk-head, Rich Privorotsky, says the data suggests we are still a couple of weeks away from a bottom in Momentum's downturn, likely landing in the median historical pullback range.

However, given that the preceding rally was exceptionally steep, the magnitude of this sell off could be larger than average.