'A Simple Directional Playbook, Applied With Brute Force' - Goldman Top Trader Sees No 'Reckoning' For Stocks Until Q1

The trading environment remains high velocity, warns Goldman Sachs head of hedge fund coverage, Tony Pasquariello, and the prevailing macro trends have extended this week: front end rates are marginally higher, the dollar is considerably stronger and US equities are steadily outperforming.

In that context, Pasquariello states that a simple directional playbook - again, one applied with brute force - continues to be generally rewarded.