Pasquariello Sees Bull Market Continuing Despite Post-Labor Day Risks

Goldman Sachs' Tony Pasquariello believes that despite potential post-Labor Day volatility, the US stock market's broader bull trend remains intact. According to Pasquariello, strong S&P 500 earnings and cleaner positioning will continue to support the market.

The global head of hedge fund client coverage at Goldman Sachs noted that while the market may face a more challenging period after Labor Day, technical conditions remain supportive. He cited the solid earnings performance of companies in the S&P 500 index as a key factor contributing to the bull trend's continuation.