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"It's Strange" - Goldman Macro Trader Reflects On "Stubbornly Solid" Stock Market

"Here we go again," says Goldman Sachs macro trader Bobby Molavi to start his latest note.

The market has another issue to digest, another left tail to compartmentalize and/or overcome and investors have to once again decide on whether they stick or twist. 

VIX back above 20, Oil near $75 and yet the S&P is basically flat to a week ago...

via June 18th 2025