US Stocks' "First Reaction" to Ceasefire: Return to AI
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Previous tech stock winners in storage, chips, and optics surged. Goldman Sachs' TMT Momentum portfolio (GSTMTMOM, +10%) recorded its largest single-day gain ever, closing at an all-time high today. Conversely, the software and semiconductor sector (GSPUSOSE, -8.5%) experienced its worst single-day decline ever. A "return of risk appetite" clearly signifies a return to the old system of winners (memory, semiconductors, optics, etc.) and losers (software, services, etc.)
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