Goldman’s Rubner Worries His Year-End 6,000 S&P Target Is 'Too Low'
- Rubner is bullish for a year-end rally starting late October
- However, bearish tone seen persisting for next few weeks
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After a turbulent few weeks through late October, US stocks are likely headed for a year-end rally that could push the S&P 500 Index past the 6,000 level, says Scott Rubner at Goldman Sachs Group Inc.
“I am bullish on US equities for a year-end rally starting on Oct. 28 and I am worried that my 6,000 target is too low,” Rubner, the bank’s managing director for global markets and tactical specialist, wrote in a note to clients Wednesday.