Goldman Sachs sees a “wall of money” pouring into the US equity market in Q3

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Goldman Sachs sees  a "wall of money" pouring into the US equity market in Q3

Goldman 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

forexlive.com