PremiumAgents Over Humans, Opticals Over Memory, Open Over Closed: Goldman's Top Tech Trader's 10 Most-Watched Charts
After one of the more exhausting starts to an August we’ve seen in a while (specifically relative to the NDX up 5% on the week, the VIX closing the week with a 14-handle -at YTD low- and the Rates/FOMC story moving to the back burner post Friday’s NFP print), Peter Callahan - Goldman Sachs top TMT specialist - remains constructive on the backdrop for Tech for the rest of August+ (citing cleaner positioning, easing technicals, tidy valuations, and very strong fundamentals / earnings).
However, reflecting back on the week, Callahan notes he is struggling to pull out too many “themes” from the week (other than the emergence of potential ‘inference economy’ stocks in Software – TEAM, PLTR, TWLO, NET).