Goldman Sachs like US equities higher through year-endGoldman Sachs analysts on why US stocks are set to gain for the rest of the year:
- seasonals - Monday starts "the best trading period of the year for U.S. equities also during election years"
- end of October means less selling from mutual funds and pensions
- US corporates return to buying - GS says the largest buyer of the equity market are U.S. Corporates ("repurchase window" for U.S. companies to buy back their own stock "started Monday "with 50% of corporates in the open window")
- diminished volatility (CBOE Volatility Index down)
- contrarian call against a "global consensus on Wall Street" that stock prices will fall after the presidential election
I posted earlier from BoA:
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Goldman Sachs like US equities higher through year-end (https://www.forexlive.com/stock-market-update/goldman-sachs-like-us-equities-higher-through-year-end-20241028/)
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