Time For Stock Bulls To "Tap The Brakes" Warns Goldman Hedge Fund Honcho

Following Scott Rubner's earlier warning of a post-July 17th correction in stocks, Goldman Sachs hedge of hedge fund coverage, Tony Pasquariello, pens a half-year-end note, reflecting on the past strength and also offering a warning that 'past performance is not a reflection of future returns'...

As we close out the first half, here’s the punchline: it has been an exceedingly good run for US equities.

Since late April alone, a basket of US mega cap tech stocks -- the weapon of choice -- has ripped 24%.