Goldman’s Rubner Says US Stocks Are Set to Rally Into Year-End
- S&P 500 Index set to gain about 4% above most recent close
- ‘Good years’ are historically followed by strong performance
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A year-end rally will start this week and push the S&P 500 Index about 4% higher to 6,200 points, according to Goldman Sachs Group Inc. trader Scott Rubner.
Retail euphoria is accelerating across equities and crypto, just as stocks enter their best seasonal trading pattern. Corporate demand for buybacks is also increasing, adding to the reasons why the rally could start in the coming days, Rubner said in a note to clients on Friday.