"3 Months Left... You Have To Buy Junk!" - Top Goldman Trader Sees FOMO Trumping Everything

VIX crush. MOMO ok. Move on. Trump/Xi. Atlanta Fed at 3.3%. No more forward guidance.

That is how top Goldman macro trader Paolo Schiavone starts his latest (post-Fed) note to clients, highlighting the fact that FOMO may trump everything else as the rest of the year plays out...

The market inflicts the greatest pain on the greatest number of participants.