High-beta momentum stocks are suffering an unusually severe monthly drawdown, based on Goldman Sachs Group's (NYSE:GS) high beta momentum basket — Hedgeye flagged on X that the basket is on track for its worst monthly performance in history, with losses projected to be worse than the sell-offs seen in 2000 and 2009.
Goldman's high beta momentum basket on track for worst monthly performance in history, worse than 2000 and 2009 pic.twitter.com/LRZG4g9i4m— Hedgeye (@Hedgeye) July 28, 2026 Read Also: Is the AI Chip Trade Actually Cracking? $1 Trillion Wiped Out in Korea — And It's Spreading CEO David Solomon's Economic Optimism Despite the current market challenges, CEO David Solomon remains optimistic about the U.S. economy's future.
Speaking on July 16, Solomon said he’s a "huge optimist" on the U.S. economy over the next seven years and highlighted artificial intelligence as the biggest reason for long-term growth, even as he pointed to geopolitical risks.
He emphasized that the U.S. economy remains solid and that AI could drive productivity gains.
Goldman Sachs Ventures into Tokenization Goldman Sachs is also making strides in the financial technology space.
