"We Just Have To Survive 2026 First": Goldman's Garrett Sees Seven Signs Of "Healing" As Semis Snap A 355-Day Streak

Last weekend, everyone wanted to know which inning the AI unwind was in.

By Wednesday, the answer seemed obvious. Three straight green sessions added roughly 150bps to the S&P and 300bps to the Nasdaq 100, and traders happily adopted the "8th inning" framework: forced deleveraging behind us, earnings ready to carry everything to the year-end rally. Then came Thursday (NDX -140bps) and Friday (NDX -350bps), and as Goldman derivatives guru Brian Garrett writes in his latest Weekend Prep note (available to pro subs, the two sessions were enough "to force significant portfolio re-underwriting / soul searching."