"Everyone Is In The Same Trades And All-In": Goldman Tells Clients To Get Out Of "Parabolic" Tech Stocks

It has been a historic start for momentum trades (read chasing Mag 7 stocks to nosebleed levels, ok fine, ex TSLA): as Goldman observed earlier, 2024 has been the best start of the year on record for momentum since 2008...

... with the factor now just shy of the most overbought it has even been.