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Goldman Sachs’ Kunal Shah warns that while the US stock market rally has strong fundamentals, technical indicators suggest caution ahead. Institutional clients are turning defensive amid signs of froth in risk assets.
- Goldman Sachs' Kunal Shah sees weakening technicals despite strong fundamentals in the US stock rally.
- Institutional clients have turned defensive after covering underweight positions, while retail bought the dip.
- Meme stocks with poor fundamentals, like Kohl’s and Krispy Kreme, show signs of market froth driven by social media hype.
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