Goldman Sachs predicts ‘Wall of Money' to boost summer stock gains

Amid a bullish period for some participants in the stock market, like Nvidia (NASDAQ: NVDA) and Walmart (NYSE: WMT), the prices of which have recently crushed their previous all-time highs (ATHs), indications have appeared that the summer of 2024 might be even more positive.As it happens, analysts at Goldman Sachs (NYSE: GS) have argued that the stock market might receive a substantial amount of money from passive equity allocations in early July, which would set the stage for a bullish rally throughout the ...