“We’re Trapped In A Regime Of Grind-Up/Gap Down Where The Index Doesn’t Sustain A Directional Trend”

By Tony Pasquariello, head of Goldman Hedge Fund coverage Don’t bury the lead: the US economy is proving to be a lot more durable than many market participants expected just a couple of months ago. If there was a cohesive takeaway from this week’s data set — notably retail sales, homebuilder sentiment and jobless claims […] Source