AI Stocks Lead Market Slide As Wall Street Warns Of Possible Pullback

Market Overview - Stocks experienced a decline, particularly among major artificial intelligence companies, with Palantir dropping 7% despite beating Q3 expectations and providing strong guidance due to concerns over visibility for 2026 [1] - Oracle fell over 1%, reducing its 50% gain for the year, while AMD, which has more than doubled in 2025, saw a drop of over 4% [2] - Other AI stocks, including Nvidia, also faced losses, contributing to overall market pressure [2] Market Sentiment - Goldman Sachs CEO David Solomon warned of a potential 10-20% market pullback in the next year or two, a sentiment echoed by Morgan Stanley's Ted Pick, who suggested preparing for 10-15% drawdowns [2][3] - The S&P 500 saw over 300 stocks close in the red, raising concerns about the concentration of gains in a few tech names [3] Seasonal Trends - November is historically a strong month for stocks, yet the current selloff across various asset classes, including stocks, bonds, and precious metals, raises questions about the sustainability of this trend [4] - The tech-heavy "Magnificent Seven" stocks were hit harder than the broader market, while bond yields decreased and the dollar reached its highest level since May [4] Trend Tracking Indexes (TTIs) - The markets opened with widespread declines, affecting all major asset classes, including precious metals [8] - Despite the downturn, the Domestic TTI closed at +4.07% above its moving average, while the International TTI closed at +9.29% above its moving average, both maintaining their respective "Buy" signals [9]