'Summer Of Carry Is Not Priced-In' - Top Goldman Macro Trader Says "Don't Fight The Tape"

AI, Banks, NVDA, China, Bitcoin, and Copper are all breaking out, signalling strong momentum, according to top Goldman Sachs macro trader, Paolo Schiavone.

Risk takers are eager for a pullback to increase their exposure to risk assets.

With volatility resetting lower, we could see multiple expansions supported by stronger earnings.