HISTORIC SELL-OFF FOR MOMENTUM IN JULY… ‘Sam Altman will crash AI bubble.’
Goldman Sachs High-Beta Momentum Index down -24% month-to-date through first half of July, the worst performance since Apr 2009. Morgan Stanley Tech Momentum Index 17-day rate of change down -35%, worst ever recorded thru 27-year history. ‘Sam Altman will crash AI bubble.’ The AI bubble isn’t a result of any actual return on investment — whether that …