"It's Not All Bad News" But Top Goldman Trader Warns "The Character Of The Market Has Changed"

Goldman Sachs head of hedge fund coverage, Tony Pasquariello, spent the week "directly engaged with trigger pullers" discussing this bruising period for the market, with S&P suffering its worst short-cycle run since April. 

Alongside this, Pasquariello points out that price action in currencies and commodities has been notably tricky - which speaks to a broad de-risking of consensus positions as we head into the teeth of the summer.