CHART OF THE DAY: Quad 2 Positioning Redux | Size Style Factor

06/14/21 07:35AM EDT

Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

How about being long of the #Quad2 Answer in European Equity terms last week?

  1. French Stocks (CAC40) appreciated another +1.3% last week to +9.4% in the last 3 months
  2. Swiss Stocks (EWL) appreciated another +2.3% last week to +7.8% in the last month alone!
  3. Russian Stocks (RTSI Index) appreciated another +1.9% last week to +11.5% in the last 3 months

Oh, but Bond Yields and the Financials (XLF) corrected in the USA last week…

Yep, so did you short more Duration (TLT) and buy more XLF on last week’s Counter @Hedgeye TREND correction of -2.4% to +9.1% in the last 3 months (i.e. its TRENDING #FullCycle Return)?

Remember the time some people told you to SELL “Small Caps” because they were “breaking down in May?” Well, the Russell 2000 (IWM) was up +2.2% last week to +5.8% in the last month. Why? Answer = #Quad2 in Q2.

CHART OF THE DAY: Quad 2 Positioning Redux | Size Style Factor - 6 14 2021 7 24 35 AM

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