Goldman Sachs sees a "wall of money" pouring into the US equity market in Q3Goldman Sachs' global markets division managing director Scott Rubner with the projection.
- Says there will be a "wall of money" pouring into the equity market during Q3 this year
- money from passive equity allocations will come into the stock market in early July
- will push the current rally higher through early (northern) summer
Cites seasonality:
- strong seasonal trends coming from retail investors,
- historically, the first 15 days of July were the best two-week trading period of the year for equities
- rally tends to fade after July 17
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Goldman Sachs sees a "wall of money" pouring into the US equity market in Q3 (https://www.forexlive.com/news/goldman-sachs-sees-a-wall-of-money-pouring-into-the-us-equity-market-in-q3-20240605/)
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