Goldman Sachs technical experts who accurately predicted the decline in US stocks pointed out a narrow buying opportunity at the end of the month

Scott Rubner of Goldman Sachs Group pointed out that with the easing of selling pressure from systematic funds and companies increasing stock buybacks, investors will have a brief opportunity to buy US stocks at the end of the month. "This will be the last time I am bearish on the stock market in August, as the most severe mismatch between supply and demand in August will come to an end," Rubner, Managing Director and Technical Specialist of Goldman Sachs Global Markets, wrote in a report to clients on Monday. He mentioned that he will switch to tactically bullish on the stock market on August 30. Rubner had previously advised at the end of June to reduce exposure to the US stock market after July 4. He pointed out that the S&P 500 index was in the final stage of a melt-up rally before July 17. As expected, the index has fallen by about 6% since hitting a record high on July 16. Goldman Sachs stated that systematic funds following market signals and volatility patterns have sold $109 billion worth of global stock futures over the past month. Rubner expects selling pressure to continue in the next 7 days. However, he "sees enough evidence and a decline in unwinding positions to suggest that the worst technical market conditions are behind us." He mentioned that the unwinding "will kick off a strong rally in September, and he will buy on dips in the first half of the month" and "remind you when everything is clear." He also noted that another reason for a possible stock market rebound is that the "August to September corporate buyback window has historically been strong," second only to November-December