"Buy In May And Let It Play": How Goldman Is Trading The S&P Overshoot https://t.co/lM4eo9a896
"Buy In May And Let It Play" - Goldman Traders See Near-Term Overshoot In The S&P https://t.co/lM4eo9a896
🚨Households own more stocks than EVER before: US households' allocation to equities hit ~43.4%, an all-time high. By comparison, at the 2000 Dot-Com Bubble peak, the share was 38.4%. At the same time, allocation to cash and bonds sits at historically low levels. Remarkable. https://t.co/43ocXoD2ii
Retail investors have demonstrated strong market resilience by aggressively buying stocks during the April downturn, a strategy that has yielded positive returns. According to JPMorgan, retail traders have net purchased $50 billion in cash equities since April 8, resulting in an estimated portfolio gain of 15.1%. This buy-the-dip approach has outperformed expectations, with retail investors outperforming professional and institutional investors who largely sold off during the same period. US households now hold an all-time high allocation of approximately 43.4% in equities, surpassing the 38.4% peak seen during the 2000 Dot-Com Bubble, while allocations to cash and bonds remain historically low. On the energy front, former President Donald Trump favors crude oil prices between $40 and $50 per barrel, a view corroborated by Goldman Sachs after analyzing his social media posts. This price range aligns with Trump's goal of maintaining affordable energy to stimulate the economy and control inflation. Meanwhile, Goldman Sachs traders anticipate a near-term overshoot in the S&P 500 index, suggesting continued market volatility and trading opportunities.