Goldman: The Nasdaq Is Off To Its Best Start Ever, But Folks Are As Long As They Have Been All Year

By Tony Pasquariello, head of hedge fund coverage at Goldman Sachs

The past month has featured an element of animal spirits that haven’t been present in the market in a while. The past week, specifically, has seen S&P blow through the top end of a long-held trading range and decisively take out the highs of last August. 

It hasn’t been subtle where all this torque has come from: