Yesterday was a brutal day for anyone invested in Mag7 in general, and AI-exposed tech names - especially NVDA - in particular...
... with Goldman's Momentum Basket (GSPRHIMO Index) - which measures performance of 12-month winners over 12-month losers - suffering a 10% crash, which was one of the worst single days for the basket in 5 years. Needless to say, but Goldman TMT specialist Peter Bartlett said it anywa, "it was a painful day for most."
