TechFlow news, November 9 — According to Zhitongcaijing, Goldman Sachs believes the recent approximately 5% pullback in the U.S. stock market represents a typical year-end seasonal fluctuation within the AI cycle, not an anomalous signal indicating the end of the rally. Goldman traders pointed out that despite the market correction, upside potential remains by year-end, supported by seasonal factors, an AI investment cycle still in its early stages, and relatively light institutional positioning. According to Shreeti Kapa, a fixed income, currency, and commodities trader at Goldman Sachs, a 5% decline at this time of year is normal for the current cycle. She believes that although the market has experienced a strong rebound from its April lows, overall it has "not been excessive."
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