Goldman Uber-Bull Turns Bearish: The Rally Has "Absolutely Run Out Of Gas"

At the end of October, Goldman's flow-of-funds guru Scott Rubner laid out his reasoning for why 'the pain trade' will be a melt-up in stocks into year-end. A few days later, after his initial warning was proved right, he confirmed this would go further, explaining that "this goes beyond short-covering".

After the biggest equity gains in years (and best November ever), Rubner revisited his forecasts and warned:

Goldman Flows Guru Warns The Market Meltup Ends In 5 Trading Sessions https://t.co/TJTagPI2Wd

— zerohedge (@zerohedge) November 27, 2023