Premium"Squarely On The Chin": Goldman's Pasquariello Says Record Tech Dump Cleared The Decks For A Year-End Rally
Two weeks ago, Goldman's Tony Pasquariello told clients that higher rates were "a headwind, but not a wrecking ball," and that while Q4 would stay choppy, the S&P would end the year higher. We called it a bet that profits would beat the tightening cycle (Oct 6).
Then last week happened.