<div id="readability-page-1"><div><div><p><strong>Equity markets and key secular themes are all back to pre-war levels</strong>.</p><p>Additionally, earnings revisions are higher and valuation is slightly lower.</p><h2>1. The AI trade keeps working…</h2></div></div></div>

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<p>Equity markets and key secular themes are all back to pre-war levels.Additionally, earnings revisions are higher and valuation is slightly lower.1. The AI trade keeps working…</p>

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Goldman Sachs

GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

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'Don't Short The Retail Investor'; Top Goldman Trader Lays Out 5 Key Market Themes