"There Are Tightening Cycles, And There Are TIGHTENING CYCLES": Pasquariello Bets On Profits, Goldman's Credit Gauge Bets On 2022

For two months, Goldman Sachs head of hedge fund coverage Tony Pasquariello has been telling clients the same thing: it's a bull market and the primary trend is higher. For two months, the S&P 500 has responded by going precisely nowhere.

"Truth In Advertising": Same Call, Two Months Later