Goldman Sachs Shows Bullish Exhaustion Ahead of Q2 Earnings Today
Updated
Updated · Seeking Alpha · Jul 14
Goldman Sachs Shows Bullish Exhaustion Ahead of Q2 Earnings Today
3 articles · Updated · Seeking Alpha · Jul 14
Summary
Goldman Sachs is flashing bullish exhaustion signals ahead of its Q2 earnings release before the U.S. session, suggesting the stock’s recent advance may be losing momentum.
Q2 results are being judged largely on whether a Wall Street capital-markets recovery is broadening enough to support the bank’s momentum.
That puts the earnings report at the center of the next move, with investors looking for evidence that improving market activity is translating into a wider rebound for Goldman’s businesses.