Goldman Trading Desk’s Clients Start Shorting Speculative Tech

Goldman Sachs Group Inc.’s trading desk said on Friday that its clients are growing “more comfortable” betting against shares of unprofitable technology companies, following a resurgence of meme stock mania that has sparked wild rallies in a cohort of smaller names.

After surging some 70% from its mid-April lows, the bank’s basket tracking unprofitable tech stocks has slipped over the last two days, giving back more than 3%.