"I Don't Love The Technical Setup" - Goldman Hedge Fund Honcho Warns Equity Bulls "Should Be Tapping The Brakes"

It has been an uneven week for US equities, yet, as Goldman Sachs' Tony Pasquariello notes "one that’s marked by an underlying tone of resilience."

Although interest rates continue their drive higher, and the macro data set has been far from pristine, the market has found ballast in Q1 earnings (and an easing of risk premium).