A bearish trade is looming for US equities, according to Goldman Sachs Group Inc.’s Scott Rubner. The market is increasingly crowded and dip-buying is running out of steam, Rubner said. “Everyone is in the pool, including retail traders, 401k inflows, start of the year allocations, and corporates,” he said. “The flow demand dynamics are quickly changing, and we are approaching negative seasonals.”
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