"Nothing Short Of Overwhelming": Goldman's Hedge Fund Honcho Lays Out 'A Directional Framework' For Markets

In three short lines, Goldman's head of hedge fund coverage, Tony Pasuquariello, lays out in his latest note, a directional framework for markets:

i. it’s a bull market, and the primary trend is higher, but S&P is a different asset today than it was in recent few years.

ii. why I say that: growth is strong, financial conditions are easy and earnings are great, yet the setup for tech has changed.