Goldman highlights why high-beta momentum stocks went from winners to big losers
Goldman Sachs says a basket of high-beta momentum stocks suffered its worst session since the COVID era, driven by the underperformance of past winners and a crowded, stretched momentum setup amid a tech rout. The move appears to be a broad unwind tied to elevated volatility and dispersion, not a single trigger, with Goldman warning that further downside is possible and recommending short-term hedging.
