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A Highly Kinetic Period: Goldman Sachs Hedge Fund Head Reflects on H1 and What Lies Ahead
ByAinvest
Friday, Jul 4, 2025 4:00 pm ET1min read
Goldman Sachs' Tony Pasquariello reflects on H1 2025 as a "highly kinetic period" with immense narrative volatility. Despite uncertainty and volatility, the US economy has performed well. Pasquariello believes in US technology, steeper global yield curves, a weaker dollar, and not fighting the primary trend in stocks. He expects growth to slow in H2, but the bull market continues with less convexity and consistency than before.
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