Goldman Sachs global markets managing director and tactical expert Scott Rubner believes that strong capital flows from corporate buybacks and systematic investment strategies are expected to drive the S & P 500 index to a record high this week, further strengthening investor fear of missing out (FOMO). "We estimate unemotional demand from machines and businesses at $17 billion a day this week, and the three-week equity trading window through September 16 is very favorable," said Rubner. Goldman...
Scott Rubner, managing director and tactician at Goldman Sachs Global Markets, said U.S. stocks will experience two painful weeks starting in early August, with large passive outflows from investors likely to dent returns and disappointing corporate earnings forcing systemic funds to sell stocks. The first half of 2024 saw massive equity inflows from equity ETFs and mutual funds, the second-highest on record, for...