Squeeze Or Trapdoor? Why Goldman Wants Clients To Rent The AI Rebound Instead Of Owning It

Here is a number that tells you everything about this market: Goldman's momentum factor basket has moved 5% or more in a single session 30 times in 2026. That is more than in 2000 (23 times), the financial crisis (16) and Covid (21)... with two months still to go!

Which perhaps explains why, a few hours before Microsoft and Alphabet report and Warsh's Fed delivers its rate decision, Goldman's derivatives desk has a very specific recommendation for the AI rebound: rent it. From this morning's GS Vol Views (available to pro subs):

The Cheapest Seat In The House Is... Mag7