Goldman Sachs technical experts expect a window to buy U.S. stocks on dips at the end of the month
Goldman Sachs Group technical expert Scott Rubner pointed out that as the selling pressure from systematic funds eases and listed companies increase stock buybacks, investors will usher in a short window to buy U.S. stocks on dips at the end of August. Rubner said this is his last bearish stock market in August because the worst supply and demand mismatch in the stock market in August is about to end, after which he will turn tactically bullish on the stock market on August 30. Previously, Rubner recommended in late June to reduce U.S. stock market exposure after July 4. Sure enough, the index has fallen about 6% since closing at a record high on July 16. Rubner also reminded investors that the outlook for the stock market will deteriorate after reaching a certain point in September, and the market will not show a clear trend line rise in the fourth quarter and before the U.S. election in November.
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