Goldman Sachs’ Rubner: Negative until quarter-end, bearish view

seekingalpha09-20

The short-term technicals for U.S. stocks are unfavorable through the quarter-end, according to Scott Rubner, managing director for global markets and tactical specialist at Goldman Sachs. In a note ...

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In a note ...</p>\n\n<a href=\"https://seekingalpha.com/news/4151645-goldman-sachs-rubner-negative-until-quarter-end-bearish-view\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs’ Rubner: Negative until quarter-end, bearish view</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs’ Rubner: Negative until quarter-end, bearish view\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-20 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4151645-goldman-sachs-rubner-negative-until-quarter-end-bearish-view><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The short-term technicals for U.S. stocks are unfavorable through the quarter-end, according to Scott Rubner, managing director for global markets and tactical specialist at Goldman Sachs. In a note ...</p>\n\n<a href=\"https://seekingalpha.com/news/4151645-goldman-sachs-rubner-negative-until-quarter-end-bearish-view\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OEX","symbol_name":"标普100","start_time":0,"source_url":"https://seekingalpha.com/news/4151645-goldman-sachs-rubner-negative-until-quarter-end-bearish-view","article_id":"2468620504","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/88621226/image_88621226.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468620504","pubTimestamp":1726845822,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The short-term technicals for U.S. stocks are unfavorable through the quarter-end, according to Scott Rubner, managing director for global markets and tactical specialist at Goldman Sachs. In a note t","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"OEX":"标普100","KWEB":"中国海外互联网ETF-KraneShares",".SPX":"S&P 500 Index","BK4588":"碎股","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","GS":"高盛","SDS":"两倍做空标普500ETF","BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","BK4570":"地缘局势概念股","XLE":"SPDR能源指数ETF","BK4504":"桥水持仓","BK4581":"高盛持仓","BK4534":"瑞士信贷持仓","SH":"标普500反向ETF","IVV":"标普500指数ETF","VOO":"Vanguard标普500ETF","SPYV":"SPDR Portfolio S&P 500 Value ETF","SSO":"两倍做多标普500ETF","VDE":"Vanguard Energy ETF","SPXU":"三倍做空标普500ETF","FXI":"中国大盘股ETF-iShares","EEM":"新兴市场ETF-iShares MSCI","IVE":"标普500价值指数ETF-iShares"},"translate_title":"高盛鲁布纳：季度末前持负面看法，看跌观点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IVE":1,"XLE":1,"VDE":1,"SPYV":1,"KWEB":1,"GS":1,"FXI":1,"EEM":1,"VOO":0.9,"SPY":0.9,"OEX":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"OEF":0.6,"IVV":0.6,".SPX":0.6,"ESmain":0.6},"content_text":"The short-term technicals for U.S. stocks are unfavorable through the quarter-end, according to Scott Rubner, managing director for global markets and tactical specialist at Goldman Sachs. In a note to clients, he said he is tactically negative into the end of the quarter, and that after today’s options expiration, “the market is free to move in either direction.” In the medium-term, “I am cautious on risk pre-election and see investors reducing 1 delta (in favored long positions) and adding to directional hedges (buying the S&P 500 put spreads) given the reset in implied volatility,” he said. However, long-term, he said he is targeting an S&P 500 (SP500) $6,000 year-end rally. “I think investors will chase risk in November and December and re-allocate their portfolios out of cash and into stocks.” He said the market will trade “like a bunch of RINO’s (recession in name only)” 2025 portfolios, with breadth to increase, reflation, value (IVE), (SPYV), energy (XLE), (VDE), and emerging markets (EEM) outperforming as “out of favor” themes led the market.  Here are the put spreads and trades he suggested:  Trade 1: S&P 500, Nov. 15, 2024, 95.0% Lookback Put: 1.24% offer (vs. 0.88% offer on vanilla, -7d). Max loss premium paid.  Trade 2: S&P 500, Nov. 15, 2024, 97%/92%/ 87% appearing put spread at 0.89% (97 put @ 1.23%, 97/92 put spread @ 0.68%). Max loss premium paid. Trade 3: long Chinese equities (KWEB), (FXI) and emerging markets (EEM).","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468620504"}