Politics, Positioning, & Per-Share-Earnings: Goldman Top Trader Tells The Story Of The Week

The story of the week, according to Goldman Sachs head of hedge fund coverage, Tony Pasquariello, is simple: within a high velocity trading environment, S&P took out the highs. 

Ex post, the drivers are clear. 

• One part was micro: Q4 earnings have been a strong tailwind for the market ... we saw it in the banks last week, and we saw it in select single names this week (most notable was NFLX).