U.S. equity funds attracted $12.8 billion in the seven days ending Aug. 18.
The firm’s strategists posit the market is in the early stages of a bull phase.
That may hamper short-term returns, but Goldman still expects “significant” equity market upside in 2021.
Money is leaving equities and heading into debt and gold.
Indications from Germany that it will abandon its long-standing balanced-budget policy if necessary.
Spain has now overtaken the U.K. as the worst-performing equity market in Europe this year.
Prospects of a breakthrough in Brexit talks ahead of the deadline faded again over the weekend.
With the major U.S. indexes down approximately 3.5% in August, analysts are brightening on equities.
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