Sentiment Even More Stretched As Buyback Blackout Window Begins, Goldman Flows Guru Warns 'Further Upside Limited'

“I am out for the next two weeks starting on Monday. See you in Q2. I don’t think the equity market will sell off. What do you think?” 

That is the most-frequently heard incoming message to Goldman Sachs flow of funds guru, Scott Rubner this week.

His response in today's note in four-fold: