Goldman Sachs fixed income credit trader Jeffrey Papai, in his latest report, holds a short-term tactical bullish stance on the Goldman Sachs AI Credit Basket (GSUCIABK), believing there is an opportunity for spread tightening and a rebound in the next one to two months. However, he emphasized that this judgment is limited to a tactical level, recommending investors reduce positions on strength during this rebound rather than chasing rallies, as AI credit spreads remain structurally underweight in the long term.