Market In "Last Legs Of A Melt-Up" - Goldman Flows Guru Warns Bulls To Start Trimming Exposure After The 4th

A "Blow Off Top until Jul 17th" is what Goldman Sachs flow of funds guru Scott Rubner sees with the S&P on pace for the 32nd all-time-high (ATH) of the year today.

In summary he sees the best trading days of the year upcoming, BUT... expects a pre-election correction (driven by institutional hedging into the event) and then a November and December anti-momentum/unloved-rally.

A Look At H1 - RINO ‘24: Recession in Name Only

Authored by Tyler Durden via ZeroHedge June 28th 2024