PremiumAs we detailed last night, correlations are cracking everywhere you look, and the systematic funds that trade on them are suddenly getting crushed.While the headline index chyrons on business TV last night may have been soothing for 401ks, there is already carnage in the market.AI
'Very Violent Market': Goldman Delta-One Desk On Token Tumult & Treasury's Tantrum
...think whole [AI] space keeps de-rating as EPS moves up...defensible toward low end of the valuation range but difficult to chase into 2027/28 uncertainty.
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