A bearish trade is looming for US equities, according to Goldman Sachs Group Inc.’s Scott Rubner. The market is increasingly crowded and dip-buying is running out of steam, Rubner said.
LONDON (Reuters) - Wall Street stocks could be facing a correction because of ructions in the options market, Goldman Sachs specialist Scott Rubner said in a Thursday note seen by Reuters on Friday.
Crowded markets and a fading dip-buying is creating a bearish trade for U.S. equities, according to Scott Rubner, managing director for global markets and tactical specialist at Goldman Sachs.