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If Friday's non-farm payrolls report is weak, a correction in the U.S. stock market could begin to gain traction, according to Scott Rubner of Goldman Sachs. Rules-based systematic funds such as Commodity Trading Advisers (CTAs) now have an asymmetric downward bias for the month ahead, "This is the last week of non-emotional demand," Rubner wrote. CTAs could sell $17.38 billion of U.S. stocks in flat markets; upmarket sales could reach $3.73 billion, while stock market declines could lead to a s...
Scott Rubner, a technology family at Goldman Sachs Group, pointed out that investors will have a short window of bargain-hunting to absorb US stocks at the end of August as selling pressure from systematized funds eases and public companies increase share buybacks. Rubner said this was his last bearish stock market in August, as the worst supply and demand mismatch in the stock market will end in August, after which he will turn tactically bullish on August 30. Previously, Rubner had recommended...
Scott Rubner, strategist at Goldman Sachs, said there was no way for the S & P 500 to go down at its current level. "I'm not going to buy dips," he warned. Citing data going back to 1928, the managing director of Goldman Sachs' global markets division said that was because this Wednesday, July 17, was historically the turning point for stock market returns, and then the following August, which usually saw money from passive stocks and mutual funds...
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