Goldman Sachs: 5 Reasons the Stock Market Rally Could Continue
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Retail investors tend to sell around Tax Day, causing a temporary dip that's followed by a rebound.
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Companies are buying back large amounts of their own stocks, reducing supply and boosting demand. Goldman expects $925 billion in buybacks this year.
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Money market funds have seen $1.6 trillion flow in since 2020, indicating there's "dry powder" waiting to be invested.
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Sentiment isn't extremely bullish yet. Hedge funds have been net sellers and increased short positions recently.
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Seasonality suggests opportunities for gains in late April, as the market historically rises after Tax Day.