Goldman Sachs’ Scott Rubner is out with an update titled “All-Time High Vigilance.”
Rubner says we are in a very favorable 3-week period for stocks. The window applies until September 16.
First and foremost: Many people are on vacation in the US, which means less liquidity than usual. At the same time, it is estimated that $ 17 billion will be used per day this week for the purchase of stocks by algorithms and companies.
Last Friday, in Powell’s speech, a “green light was given to increase leverage. Everyone returns to the market.”
“I am optimistic until September 16. That’s when seasonal patterns change.”
Big moves from Nvidia
The results will come on Wednesday. The options market expects the share price to change 9.35 percent, a change equal to about $298 billion.
“The expectations for Nvidia this earnings season are much lower than in recent quarters, given the underlying selloff in tech stocks,” Rubner wrote.
Location
Goldman’s best/prime brokers say information technology was net sold for the fourth week in a row (13 of the last 16). The Prime book shows a -9.7 percent overweight in information technology.
The weighting in the S&P 500 shows that if you invest 1 dollar in the index, 28 cents will go into the five largest companies, and 36 cents into the 10 largest . msgstr “We trust megacaps.”
“There have been eight straight weeks of inflows into passive technology funds since the target date/401k rebalancing flows from retail investors, and professional investors selling the pool.”
2024-08-26 15:54:38
#favorable #shares
