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Rebalancing Watch– $SPY Goldman Sachs forecasts that approximately $32 Billion of equities should be sold as part of quarterly pension rebalancing. The S&P 500 is up 8.8% since the start of 2024 and global bonds have declined by about 2%. The selloff at the end of the day…
(Bloomberg) -- With stocks set to cap another strong quarter, pension funds are likely to sell an estimated $32 billion in equities to rebalance .. the biggest adjustment since June 2023 and .. the 89th percentile among estimates over the past three years, wrote analysts at…
GS reckon pension funds have $32bln equities to sell into EoM/EoQ, approx 89th %ile over last 3yrs & biggest since Jun 23
US pension funds are anticipated to sell approximately $32 billion in equities to rebalance their positions by the end of the quarter, as reported by Goldman Sachs. This move is considered the biggest adjustment since June 2023, ranking in the 89th percentile over the last three years. The decision for this significant rebalancing, referred to as Quarter-End Pension Selling, comes as the S&P 500 has seen an 8.8% increase since the beginning of 2024, while global bonds have experienced a decline of about 2%. This large-scale selling has led to a notable downturn in the market during the last hour.