Goldman's "Weapons Of Choice" Into A Noisy Summer

By Tony Pasquariello, head of hedge fund coverage at Goldman Sachs

The reflation trade. The stagflation trade. Divergence. Convergence. Soft landing. No landing. Bad-is-good. Good-is-good.  

There’s been a lot of volatility in the macro narrative over the past two months, and the current setup doesn’t fit neatly into a given box.