Investors Have Opportunity to "Buy the Dip" Ahead of Nvidia Earnings, Goldman Analyst Says
Stock markets could be set for a major turnaround at the end of this month, meaning investors now have an opportunity to "buy the dip" following one of the sharpest unwinds in recent history, a Goldman Sachs analyst said.Nvidia's earnings on August 28 and the Federal Reserve's Jackson Hole Economic Symposium on August 22 and 23 could drive this rebound in the U.S. stock market, Goldman Sachs' technical strategist Scott Rubner explained in a note.The situation will open up a short-term window during which investors will have an opportunity to "buy the dip" and take advantage of a rebound in equity prices which will see stock markets hit new highs after the U.S. elections in November, he said.Investors now have an opportunity to buy the dip ahead of the start of a tricky trading environment in September in the runup to the U.S. elections, Rubner said, and he predicted markets will hit "new highs" in the fourth quarter of the 2024.This content was created by MarketWatch, which is operated