Hopper58 schreef op 13 augustus 2024 11:14:
Investors have opportunity to ‘buy the dip’ ahead of Nvidia earnings, Goldman analyst says
By
Louis Goss
Published: Aug. 13, 2024 at 4:57?a.m. ET
The morning sun hits the tips of the Grand Tetons on October 5, 2012 in the Grand Teton National Park in Wyoming. The Federal Reserve’s meeting at Jackson Hole in late August could drive a rebound in market sentiment.
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.
www.marketwatch.com/story/investors-h...