Goldman Sachs' Top Stock Picks for Maximum Earnings Upside
Goldman Sachs predicts that momentum traders, specifically commodity trading advisors (CTAs), who have been shorting the S&P 500, are now ready to buy it back in a big way over the next month. CTAs currently have a record-low exposure to U.S. equities, with a short position of $47 billion, the largest on record. Despite criticism of CTAs for their extreme swings, Goldman Sachs believes they will be buyers of the S&P 500 in every scenario.