'Stock Market Still Stuck In Negative Feedback Loop With Oil'; Goldman Hedge Fund Honcho Suggests Seeking 'Protection'

Amidst all of the smoke, feedback loops, and endless rounds of game theory, Goldman Sachs head of hedge fund coverage, Tony Pasquariello, drops a set of short points on some of the items that he's currently wrestling with...

The level set.

The energy shock persists - again, witness that OVX index - and time is the enemy.