Equity Market Exuberance Is In Pockets; Goldman Partner Sees Shifting Supply/Demand Balance In The Equity Market

Even as a better than expected jobs print pushed markets to fully price a Fed hike by year-end, Goldman Sachs Partner, Mark Wilson, believes the over-arching story is still a bottoms-up one.

The jobs news certainly catalyzed price action Friday, but the three consequential news items of the week stood-out elsewhere :

1) There’s been much written about the shifting supply/demand balance in the equity market.