A short-term dopamine hitStocks got their dopamine hit as momentum ripped higher over the past session, but before the bulls start printing “bottom confirmed” hats, Goldman and Morgan Stanley have a message: these unwind episodes historically last weeks, not days. And since momentum basically is the AI trade - this matters for everything.Positioning
The Quant Trade That Became Everyone’s Problem
MS and Goldman both hint the same thing: momentum positioning is still grotesquely stretched, and the “AI = market” trade may have further to fall.
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