Goldman’s Trading Desk Sees Brief Window to Buy Dip in Stocks
- Turning tactically bullish equities on Aug. 30th, Rubner says
- Rubner said in June to trim US stocks exposure after July 4
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Investors will have a brief window to buy the dip in US stocks at the end of this month as selling pressure from systematic funds eases while companies boost share buybacks, according to Scott Rubner at Goldman Sachs Group Inc.
“This will be my last bearish equity markets call for August as we are ending the worst of the equity supply and demand mismatch for August,” Rubner, the firm’s global markets division managing director and tactical specialist, wrote in a note to clients on Monday. He said he will turn tactically bullish on equities on Aug. 30.