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Goldman Sachs Partner: Signs of Bull Market Fatigue in the US Stock Market
BlockBeats News, November 21st, Goldman Sachs partner Tony Pasquariello believes that the U.S. stock market has shown signs of a bullish surrender, and further selling pressure is expected before the market stabilizes. Although Nvidia announced impressive earnings beats and raised guidance, the market seems to be entering a new phase of the artificial intelligence cycle, with investors becoming skeptical about the sustainability of capital expenditures and future returns of mega-scale cloud service providers. (FX678)
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