Goldman’s Rubner Sees S&P 500 New High This Week, Spurring FOMO
- Expects flows from CTAs, buybacks to reach $17 billion a day
- ‘Very positive three-week equity trading window,’ Rubner says
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Strong flows from corporate buybacks and systematic funds should drive the S&P 500 Index to a new all-time high this week, further increasing investors’ FOMO, according to Scott Rubner, managing director for global markets and tactical specialist at Goldman Sachs Group Inc.
“We estimate $17 billion of unemotional demand between robots and corporates every day this week,” Rubner wrote in a note to clients Monday. “There is a very positive three-week equity trading window until Sept. 16.”