Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
In addition to what’s still EARLY CYCLE (i.e. the LABOR market), this particular #Quad2 economy has plenty of INVENTORY shortages… because… wait on it… INVENTORY is coming off the LOWS of The Cycle too.
That’s been all good. We’ll stay long of #Quad2 in both Commodity and Global Equity terms, until The Singularity of my Signaling #Process tells me to do otherwise.
Two of the 4 Horseman (US Equity Sector Styles to be long of in #Quad2) led SPY back towards an ALL-TIME high last week: