PremiumAnother week, another melt up in tech stocks, and another set of measures that show breadth is poor. Even for someone who tends not to lose sleep over that fact, Goldman Sachs head of hedge fund coverage, Tony Pasquariello, admits that the last leg of the move higher has been remarkably narrow (and that the violent rally in AI plays has obscured the rot in consumer exposures).
After Another 'High Octane' Week, Goldman's Pasquariello Offers One Seminal Lesson From The Late '90s
"In most every single client meeting... the question of how the tape will absorb a series of mega IPOs comes up..."
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