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Goldman’s Molavi Says 60% of S&P 500 Is in Bear Market Territory

Bloomberg Technology Tuesday 03 November 2026, 15:01 UTC By Jan-Patrick Barnert 1 min read
Key Points

Goldman’s Molavi Says 60% of S&P 500 Is in Bear Market Territory The S&P 500 Index is within about 3% of its latest record high and yet 60% of the benchmark is languishing in bear market territory. It’s a startling picture highlighted by Goldman Sachs Group Inc. trader Bobby Molavi. The “strange thing” is that shares in both the tech megacaps whose capex is at the heart of the AI-powered equities rally and the receivers of that spending are going down together, he said.

Goldman’s Molavi Says 60% of S&P 500 Is in Bear Market Territory The S&P 500 Index is within about 3% of its latest record high and yet 60% of the benchmark is languishing in bear market territory. It’s a startling picture highlighted by Goldman Sachs Group Inc. trader Bobby Molavi. The “strange thing” is that shares in both the tech megacaps whose capex is at the heart of the AI-powered equities rally and the receivers of that spending are going down together, he said.
Goldman’s Molavi (ORG) Bear Market Territory Goldman’s Molavi (ORG) Bear Market Territory (ORG) Goldman Sachs Group Inc. (ORG) Bobby Molavi (PERSON) AI (ORG)
Originally published by Bloomberg Technology Read original →

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