Goldman’s Flood Says Brace for Near-Term Selloff, Buy Stocks Dip

US stock investors should brace for a near-term pullback as positioning becomes increasingly stretched and key institutional buyers flip to sellers, according to Goldman Sachs Group Inc.’s John Flood.

While the bank’s partner and a head of Americas equities execution services expects the S&P 500 Index to finish the year “significantly higher,” he’s flagging warning signs of a potential near-term rout in the equity benchmark. That should be viewed as a buying opportunity, he told clients in a note dated Sunday.