Goldman: The Risk Of Pain Trades Rises As We Head Into Next Week's Barrage

9 market observations from Goldman's head of hedge fund coverage, Tony Pasquariello

1. The basic story of the week: solid macro, solid earnings, higher highs. On the micro side, one clear example was the stunning price action in NFLX (for the first time in a while, the FANG acronym was deployed). To be sure, earnings were not perfect -- TSLA extended a notably tough start to the year -- yet the major US indices soldiered on. For those keeping score at home: 12 of the past 13 weeks have broken in favor of the bulls.