CHART OF THE DAY: Inventory Cycle Getting Started

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:

1. Energy Stocks (XLE) inflated another +6.8% on the week and remain Bullish TRADE and TREND 
2. Financials (XLF) ramped another +1.3% on the week to new Cycle Highs as well