'Adapt Or Die': Goldman's Hedge Fund Honcho Warns 'Stock Operators Haven't Suffered Full-Blown Gut-Check... Yet!'

For better or worse, John Arnold (@johnarnold) summed up the state of play best this week, according to Goldman Sachs head of hedge fund coverage, Tony Pasquariello, with this brief, yet deep, post on X:

"The thing I always liked about commodity markets is that at the end of the day it isn’t about who is saying what but about supply and demand.”