'Make Money First, Make Sense Later' - Top Goldman Trader Lays Out What The Equity Market Is Discounting

The character of this week was decidedly uneven, according to Goldman Sachs head of hedge fund coverage, Tony Pasquariello:

some good macro news (CPI) and good micro news (ORCL) was mixed with some positioning issues and renewed geopolitical volatility. 

Point-to-point, S&P was down a touch, and sits 3% from the February highs.