The trading narrative of last week has extended into this week, as first order election trades are broadly pushing further: front end rates are higher, US equities are running and the dollar is screaming.
But, as Goldman Sachs head of hedge fund coverage Tony Pasquariello notes, it has not been without some complications - for example, gold has been flaky and I was wrong on the yield curve - the market Gods have generally rewarded a simple playbook, applied with brute force.
