S&P near highs but Goldman's High Beta Momentum basket down 41%, rare divergence
SumitGup · x · 2026-10-22
A chart shared by Marlin Capital shows the S&P 500 just 1% below its highs while Goldman's High Beta Momentum basket has drawn down as much as 41% since mid-year — a divergence unseen before, widely read as concentrated AI-bubble stress and deteriorating market breadth.
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