"Something To Read Before Payrolls" From Goldman's Hedge Fund Honcho

A large dose of first tier data - both macro and micro - has been absorbed by the markets this week, according to Goldman Sachs head of hedge fund coverage, Tony Pasquariello.

It seems clear that certain parts of the US economy are running firmer-than-expected (namely the labor market, let’s see what today brings) and certain companies continue to compound exceedingly well (witness AMZN and LLY).

Set against this, other macro indicators were messy (note the misses in ISM and consumer confidence) and there were a handful of high profile earnings fades (AMD, SBUX).