[Goldman Sachs Trader: Approximately 5% Pullback is Typical Year-End Seasonal Volatility, Upside Potential Remains Before Year-End] BlockBeats News, November 9 — Goldman Sachs believes that the recent approximately 5% pullback in the U.S. stock market is a typical year-end seasonal fluctuation within the AI cycle, rather than an abnormal signal indicating the end of the rally. Goldman Sachs traders pointed out that despite the market experiencing a pullback, there is still room for upside before the end of the year. Under the combined influence of seasonal factors, the early-stage AI investment cycle, and relatively light institutional positioning, indices still have the potential to move higher. Goldman Sachs fixed income, foreign exchange, and commodities trader Shreeti Kapa stated that a 5% decline around this time of year is a normal phenomenon in this cycle. Although the market has experienced a strong rebound since the April lows, overall, it is "not excessive." (Zhitong Finance)