With Salesforce (which we still don't know what exactly it does) crashing the most this morning since its 2004 IPO...
... here are this morning's key observations from Goldman's chief TMT specialist, Peter Callahan who writes that "it feels like there is a bit of market fatigue around the lack of long performance seemingly anywhere outside of AI-related Semis/HW and/or Mag 7 (hard to get excited about a shrinking universe of ‘working’ long ideas. doesn’t feel healthy or exciting)."
