前高盛知名策略专家：美股还能再涨一个月！9月底前不宜做空

Group 1 - The core viewpoint of the article is that Scott Rubner, a former Goldman Sachs strategist, is optimistic about the U.S. stock market, particularly in the technology, software, and AI innovation sectors [1][58] - Retail investors have net bought stocks for 14 consecutive trading days, marking the longest buying streak since December of the previous year [1][8] - Institutional investor positions are not overly stretched, leaving room for further market increases [1][58] Group 2 - Rubner predicts a "high then low" market pattern, driven by positive seasonal factors, strong capital flows, ongoing retail support, corporate buybacks, and fundamental investors' eventual buying [1][59] - The second quarter earnings season is expected to prompt institutional investors to return to the market and focus on their preferred core holdings [1][58] - The report suggests that August is typically a strong month for corporate stock buybacks, with U.S. companies expected to purchase $1 trillion worth of stocks [1][38] Group 3 - Retail trading activity has shown resilience, with 11 out of the last 13 weeks being net buyers, particularly in the summer months [1][10] - Retail investors currently account for 20% of total market trading volume, with a notable increase in participation in low-priced stocks [1][12] - The sentiment among institutional investors is not extreme, indicating a balanced market outlook [1][35] Group 4 - The volatility technical landscape is improving, with systematic positions recently increasing, suggesting potential for further growth [1][15] - Corporate buybacks are expected to be significant, with a low earnings threshold for the current quarter, enhancing market dynamics [1][38] - The article highlights that the S&P 500 index is anticipated to achieve its 11th consecutive month of gains in July [1][4]