“I would be looking to trim exposure up here post July 4th,” Rubner wrote in a note to clients Friday.
The US presidential election and its aftermath promises investors big market swings in the second half of the year, says Goldman Sachs Group Inc.’s Scott Rubner.
The global markets division managing director and tactical specialist has been correctly bullish on US stocks in May and June, but after July 17 he is modelling a correction in the stock market — this usually means about a 10% drop for equities.
