Goldman Sachs Trader: ~5% Pullback is Typical Year-End Seasonal Volatility, Upside Potential Still Exists Before Year-End


November 9th. Goldman Sachs believes that the recent 5% pullback in the US stock market is a typical year-end seasonal fluctuation in the AI ​​cycle, rather than an abnormal signal indicating the end of the uptrend. Goldman Sachs traders pointed out that despite the market experiencing a pullback, there is still upside potential before the end of the year. Due to the combined effects of seasonal factors, the early stage of the AI ​​investment cycle, and relatively light institutional positions, the index still has the potential to move higher.Goldman Sachs Fixed Income, Currency, and Commodities trader Shreeti Kapa stated that a 5% decline at this time of year is a normal occurrence in this cycle, and although the market has experienced a strong rebound since the April low, overall, it has not been "excessive." (Straits Financial News)