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Time To Get Defensive?
Goldman likes defensives.
Wait, let me back up and be more specific. A model Goldman built to help assess the odds that a given equal-weighted sector will outperform likes defensives. Or as much as a model can "like" something. If you interrogate ChatGPT, it'll concede that computer models can't actually "like" anything, nor, by the way, can they be "sorry" (let alone "genuinely sorry," as OpenAI's image generator, DALL-E, occasionally pleads) when they screw up.
I digress. Goldman didn't use
“Goldman didn’t use any sort of advanced AI for their sector work, just a good old fashioned probit model.”
Unless you cn convince me otherwise, AI is just “old fashioned probit” models on steriods thanks to massively enhanced computer power.
Thanks for the YALL poniter. Step aside Kathie Wood!