Thanks to a basic mix of lower rates, solid earnings, and very healthy flows, US equities convincingly took out the highs this week, with The Dow topping $40 k for the first time (albeit briefly)...
Price action speaks for itself, and Goldman Sachs head of hedge fund coverage, Tony Pasquariello, told clients in a note this morning that "I can’t think of anything all that clever to say about it, so I’ll keep the market narrative short."
