"Risk/Reward Is Not Compelling Right Here" - Goldman's Hedge Fund Head Sees Challenges To The Bullish Thesis

As a surprisingly high velocity summer comes to an end, Goldman Sachs head of hedge fund coverage, Tony Pasquariello, offers some high level thoughts on the market... and they're not particularly reassuring for the BTFD crowd...

Given the recent volatility, and given all that’s heading towards us over the next few months, Pasquariello begins by stating that his comments come with a large dose of humility and open-mindedness...