According to the Securities Times APP, Goldman Sachs strategy expert Scott Rubner said on Tuesday that the stock market seems ready to rebound at the end of the year, potentially pushing the S&P 500 index past the 6,000 mark.

The day before Rubner made the above remarks, the S&P 500 index closed at 5,859.85 points, setting its 46th closing high in 2024. In early October, Rubner had expressed a 'tactically bearish' view on the U.S. stock market for the next three weeks, but now believes that some negative factors are fading and the stock funding flow trade environment will turn positive.

"The selling frenzy in the stock market has ended, and the year-end rebound is starting to resonate, with clients shifting from left-tail hedges to right-tail hedges," Rubner said. "Given 'FOMU' (fear of missing out), institutional investors are now being forced into the market."

Rubner stated that Goldman Sachs' trading department has been addressing the optimal execution strategy for a potential 'Trump trade' rebound. "This is a new situation that broadens the rebound in the stock market."

Prediction platforms like Polymarket and PredictIt show former President Donald Trump leading Vice President Kamala Harris in the U.S. presidential race. Meanwhile, polls show a close competition between the two.

Factors driving the stock market rise include the expiration of the U.S. corporate buyback period on October 25, with this market group being the largest buyer in the U.S. stock market this year. Rubner stated that companies could potentially buy around $6 billion worth of stocks daily before the end of the year.

As the largest seller in the market, mutual funds face a final deadline of October 31st.

For tax reasons, the selling pressure on the laggards of the stock market in 2024 will ease, while the buying pressure on the winners in the stock market will alleviate, thus forming a potential rebound led by cyclical stocks and Republican favorites.

Meanwhile, Rubner stated that families tend to buy stocks in November, a trend that is stronger in election years, with key market health indicators - Gamma and liquidity - also improving.

Rubner said, "I believe that by the end of this year, the S&P 500 index will far exceed 6000 points."

It is reported that with the U.S. stock market experiencing its strongest rebound in nearly 30 years, Wall Street strategists have raised their forecasts for the U.S. stock market. Rubner has raised his forecast for the fourth time since the last few months of 2023, giving the second highest year-end target on Wall Street. BMO's Brian Belski is the most optimistic, forecasting in September that the S&P 500 index may surge to 6100 points by the end of the year.