"I am starting to have conversations regarding FOMU, fear of materially underperforming, this week," notes Goldman Sachs flow of funds guru Scott Rubner in a note to clients this morning, highlighting the next two weeks as a positive trading window for the 'US 60/40 Portfolio'.
a. “DOW #40K” is a trending hashtag, as the Dow Jones Industrial Average topped the psychological level of 40,000.
The biggest equity owner, US civilian households, just chalked up a win vs. the bears. Given the highly publicized euphoric headlines here that “everything is working”, there is potential for the stable retail cohort to add “a little bit more of the 60/40 portfolio” this weekend after checking trading statements. Watch inflows into SPY and QQQ next week.
