Risk Remains Concentrated In 3 Places; Goldman 1-Delta Desk Says Fed's Reaction Function Has Changed

Japan and China semis are back on the accelerator (NKY to new highs).  

If you’re looking for signs of excess, Goldman Sachs One-Delta desk-head, Rich Privorotsky, points to Marvell, which rallied +30% after Jensen Huang at Computex merely suggested it could become the next trillion dollar company. 

Oil