Goldman Sachs' Scott Rubner Predicts 'Significant Outflows' from US Stocks in August

IconCryptoNewsTerminal Staff08 Jul, 2024

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Goldman Sachs' Scott Rubner Predicts 'Significant Outflows' from US Stocks in August

Scott Rubner, managing director of Goldman Sachs' Global Markets Division, is expecting to see "the US equity market is going to have a tough couple of weeks" starting in early August. He pointed out that "we've seen record inflows into equity ETFs and mutual funds year-to-date," but that "August is historically one of the lowest inflow months for equities. So we would expect that to be a headwind." "And then as you get closer to the election, you typically see outflows pick up. And then post-November, you typically see inflows resume. Hedge fund net exposure also tends to be lower going into an election," Rubner added. ```

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