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Goldman Sachs warns of a short-term pullback in the US stock market.
Senior Goldman Sachs executive John Flood warns that global stock market institutional positions are extremely crowded, and the momentum of CTA trend funds will shift from buying to selling, increasing the risk of a short-term correction in US stocks.
At the same time, the scale of triple short semiconductor and Nasdaq ETFs has surged, hedge funds continue to reduce their holdings in US stocks, and short positions are accelerating to gather, but short-term volatility does not change the long-term fundamental value of tech giants.