There's Still Some Gas Left In The Market's Rally Tank, But Top Goldman Trader Warns 'Risk/Reward Is Shifting'

The rally this week wasn’t all that powerful, nor broad, but S&P printed fresh all-time highs (so, too, did NDX). Along the path, Goldman Sachs head of hedge fund coverage, Tony Pasquriello, notes that the flow of news was uneven - be it the macro data set, the first wave of Q2 earnings or questions surrounding the Fed - yet, the skew was net positive.