PremiumIt was another ugly week for tech.As Goldman's tech specialist Peter Callahan writes in his weekend note to top clients, the Nasdaq was down 160 bps on the week (Semis +1% vs Mag 7 down ~6%) with "fatigue levels palpable by Friday afternoon"; he goes on to note that "at the moment, it just feels hard to string more than 2 "good" days together amidst elevated Factor vol and an elusive ‘wall of worry’ to climb on the AI front re: ROIC at the current scale of investment."