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"Everyone Is In The Same Trades And All-In": Goldman Tells Clients To Get Out Of "Parabolic Tech"

Business February 11, 2024

It has been a historic start for momentum trades (read chasing Mag 7 stocks to nosebleed levels, ok fine, ex TSLA): as Goldman observed earlier, 2024 has been the best start of the year on record for momentum since 2008...

everyone is in the same trades and all in goldman tells clients to get out of parabolic tech

... with the factor now just shy of the most overbought it has even been.

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Authored by Tyler Durden via ZeroHedge February 11th 2024

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