'A Tricky Week': Goldman Hedge Fund Honcho Says Traders Are "Still Long...But They're Wary"

It’s been a tricky week, according to Goldman Sachs head of hedge fund coverage, Tony Pasquariello, with elements of circularity, as lower prices have drawn out pockets of client risk transfer.

Following the showstoppers of October -- and with the obvious benefit of hindsight - one can argue the velocity of certain moves was unsustainable.