Goldman’s Rubner Sees a Selloff as Next Pain Trade for Equities
- He models large outflows from the US stock market in August
- ‘Best trading days of the year are now behind us,’ Rubner says
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August is poised to kick off a painful two-week stretch for US stocks as money pours out of equities, according to Goldman Sachs Group Inc.’s Scott Rubner.
“The pain trade has shifted from the upside to the downside,” said the firm’s global markets division managing director and tactical specialist. “The buyers are full and running out of ammo after the best trading days of the year are now behind us.”