[Goldman Sachs: U.S. Stock Rally May Be Unsustainable Without Monetary Policy Support] Jin10 Data, April 17 – Goldman Sachs Asset Allocation Research Head, Mueller-Glissmann, stated that the recent rise in U.S. stocks would require the Federal Reserve to resume interest rate cuts to maintain momentum. He described the recent stock market rebound as a 'fast and fierce recovery phase,' partially driven by technical factors, including hedge funds that previously sold off stocks to reduce risk now being forced to rebuild positions. Although the S&P 500 is poised to rise more than 3% for three consecutive weeks, he questioned whether the rally could be sustainable without monetary policy support. He noted that while the stock market is climbing, oil prices remain high, and the credit market lags behind. The strong performance of the stock market is partly attributed to high exposure to tech stocks.