Right Tail-Risk Remains; Top Goldman Trader Sees FOMO Upside As Event-Risk-Heavy Week Begins

The S&P 500 has already closed on 14 all time highs this year, going a perfect 5 for 5 last week, after some successful trade deals (most notably 15% w/ Japan and traders bracing for the same with the EU imminently), solid Q2 earnings, and more policy clarity out of Washington. 

Things get more complicated from here as a slew of Mag7 earnings releases, the FOMC meeting, JOLTS, PCE, GDP, and payrolls on Friday make for an event risk heavy week