AdvertisementThe best days and weeks of the year for the stock market are around the corner.
If history is a guide, that suggests the S&P 500 could surge 4% next month to record highs, according to Goldman Sachs.
Goldman SachsWhat's more, recent market trends show that July as a whole has been incredibly bullish for the stock market.
If similar seasonal trends play out this year, a near-4% gain would catapult the S&P 500 to a new record at 5,665 based on current levels.
As to what could drive more bullish returns over the coming weeks, Rubner highlighted that a record cash pile of more than $7 trillion sitting in money market funds could soon flood the market.
Persons:
Goldman Sachs, —, Scott Rubner, Rubner, NDX
Organizations:
Nasdaq, Service