For US Stocks, A ‘Spooky’ October. Sky’s The Limit After That
Goldman's Scott Rubner is worried. About two things.
First, he's worried he might not be bullish enough into year-end. Second, he's worried stocks might have a "spooky" few weeks amid seasonal challenges ahead of Halloween.
On several occasions of late, Rubner said he sees SPX 6000 by New Year's. That's hardly infeasible. In fact, it's more likely than not. Which explains why Scott suspects he might be under-appreciating the upside.
"Q4 seasonals start to bounce on October 27," Rubner said, i
so … all things considered, just watch the flows … seasonality feeds flows, no?