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Goldman Macro Trader Advocates Buying September Stock Dip Amid Fed Rate Cut Expectations
Goldman Macro Trader Advocates Buying September Stock Dip Amid Fed Rate Cut Expectations
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September has historically been the worst-performing month for the S&P 500 since 1950, yet Goldman Sachs macro trader Paolo Schiavone sees an opportunity. Investors should capitalize on the seasonal weakness, he argues, as the market begins pricing in the Federal Reserve's next rate-cut cycle.
The Fed's anticipated 25-basis-point reduction at its September 16-17 FOMC meeting—the first since December 2024—could accelerate economic growth and propel the S&P 500 to between 6,700 and 6,900. Schiavone notes that asset prices have diverged from economic fundamentals for 15 years, creating valuation discomfort, but expects this decoupling to persist at a moderated pace.
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