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Goldman’s Rubner Sees Scope For Larger Correction Before Late-Year Rally
The market's pre-trading a challenging seasonal that normally waits until the back-half of September
My first thought on Tuesday was that monthly mutual and pension fund rebalancing was at least a part of the story. That plus leverage. I did not consider front-running fiscal year-end rebalancing, but it makes sense, what with markets ending August at or near record levels.