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CNBC Daily Open: Too early to fret about tech pullback?

1. November typically sees an average gain of 1.8% for S&P 500. 2. S&P 500 lost over 1% in the first week of November. 3. Concerns over tech stock valuations due to concentration risks are rising. 4. Goldman Sachs predicts a 10-20% drawdown in equity markets ahead. 5. Possible buying opportunities arise despite earnings reassurances.

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FAQ

Why Bearish?

Recent losses and concerns over tech stock valuations indicate potential market correction.

How important is it?

Investors' focus on valuations and market corrections impacts S&P 500's price movements.

Why Short Term?

Immediate selling pressure and upcoming drawdown predictions suggest short-term volatility.

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