PremiumDespite meaningful equity selling expectations from global pensions funds into month-/quarter-end rebalancing, markets (most notably Nasdaq) are solidly higher this morning, extending yesterday's gains.As Goldman Sachs One-Delta desk-head, Rich Privorotsky, noted this morning, charts suggest that the S&P ex-AI had gotten pretty stretched (especially ex-AI small-caps), while the mega cap names had materially underperformed as the funding leg unwound. Risk