Goldman Sachs: U.S. Stock Market Shows Signs of Bull Market Fatigue

Goldman Sachs partner Tony Pasquariello suggests that the U.S. stock market is experiencing a waning bullish sentiment, and further selling pressure may occur before it stabilizes. While Nvidia’s recent earnings beats and raised guidance spurred some optimism, the market appears to be entering a new phase of the artificial intelligence cycle, with investors becoming cautious about the long-term sustainability of capital expenditure by mega-scale cloud service providers.