The Risk To Consensus Positions Is Heightened; Top Goldman Trader Says 'Hedge'

Goldman's head of hedge fund coverage, Tony Pasquariello, reiterates his long-standing bias for large cap over small cap in a brief note this morning, but belies that bullishness with a warning.

While there’s good reason to still believe in the fundamental underpinnings of that trend, he reminders investors that this is surely a consensus view - at a time when the market is testing popular shorts.

1. NDX and the history book.