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Goldman Sachs’ trading desk is anticipating a surge in stock market performance in the coming weeks, followed by a potential downturn.
The combination of low volatility and increased corporate buybacks is fueling Goldman’s optimistic forecast until mid-September.
Investors can expect new record highs in the stock market within the next month, but caution is advised.
This insight comes from a recent report by Goldman Sachs’ trading desk, headed by Scott Rubner.
Rubner believes that the stock market is about to enter a “highly favorable 4-week period” indicating a bullish trend for equities.
“With global vacations underway, it’s unlikely for bearish sentiments to prevail during this period,” Rubner emphasized, pointing out the typical low volatility market conditions during…
2024-08-19 22:11:52
Source from finance.yahoo.com