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Wallstreetcn: Goldman Sachs AI Basket Index has retreated 23% from its June high; high-beta momentum portfolio's year-to-date gains have been wiped out.
Goldman Sachs reports, as cited by Wallstreetcn, that the Goldman Sachs AI Basket Index (GSTMTAIP) has now pulled back 23% from its June peak, a decline comparable to the one seen before its July bottom. The year-to-date gains for the Goldman Sachs High Beta Momentum Portfolio (GSPRHIMO) have been erased, with a monthly decline of 13.65%, marking its deepest single-month drawdown since Goldman Sachs began tracking the index.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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