Reported 6 months ago
Goldman Sachs predicts that a 'wall of money' amounting to $7.3 trillion from money market funds will flow into the stock market this July, potentially driving equities to record highs. Managing director Scott Rubner anticipates substantial outflows from money market funds, especially if the Federal Reserve decreases interest rates in September. With July historically being a bullish period for stocks and the possibility of substantial market inflows, Goldman Sachs foresees further market gains and advises against shorting equities due to upcoming market dynamics.
Source: YAHOO