Does Goldman Sachs think a short-term pullback in US stocks is the healthiest??

Has Goldman Sachs missed the rally? They say a short-term pullback in US stocks is the healthiest.

Their traders say the recent rebound has been too exaggerated, for example, the S&P 500 recorded its fastest rebound speed since 1982. Then the trading volume of Nasdaq call options almost set a record, and the S&P 500 only took 11 days to surge from oversold to overbought territory, so they think there are already signs of overbought or chasing behavior,

However, from a technical perspective, this violent rebound is largely due to buying by CAT, which is quantitative funds,

Goldman Sachs expects quantitative funds to buy about $23 billion worth of US stocks in the next five days, and their positions in the US stock market are still extremely short, far below overcrowded levels. This is the reason the market is bullish and ensures continued chasing behavior,

So although they think a short-term pullback would be healthier, they also admit that the overall upward trend is hard to fight against.

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