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