**[Goldman Sachs Partner: Signs of Bullish "Capitulation" in U.S. Stocks, Sell-Off May Persist]**
Goldman Sachs partner Tony Pasquariello stated that U.S. stocks have shown signs of bullish "capitulation," and selling is expected to continue until the market stabilizes. On Friday, S&P 500 futures edged higher after a sharp decline in U.S. stocks the previous day. The S&P 500 index lost over $2 trillion in market value from Thursday's peak and closed below the 100-day moving average for the first time in months. Despite Nvidia's impressive earnings, concerns over high valuations remain unresolved. After hitting a record high at the end of October, the S&P 500 has fallen approximately 4% so far in November. Pasquariello noted in his report that the market experienced significant risk transfer this week, with some signs of capitulation emerging.
