Goldman’s Molavi Says 60% of S&P 500 Is in Bear Market Territory
THE SO WHAT
With 60% of the S&P 500 in bear territory while the index sits near record highs, capital is concentrating in a narrow set of perceived winners — often AI-adjacent. If you’re outside that cohort, assume a tougher fundraising and M&A environment and plan for self-funding longer than your last cycle.
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