Goldman Trader: "Nothing Has Gone As Planned: More Things Will Break And A Credit Crunch Is Coming"

By Tony Pasquariello, head of hedge fund sales at Goldman Sachs

Another high velocity week is in the books, with US equities grinding out -- to the surprise of many -- another winner. At this stage of the game, if 2023 has been defined by one aspect, I’d argue it’s been the element of surprise.

Which is to say: very little has gone as planned, both for the better and for the worse.