Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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Our core Long Tech (XLK) Asset Allocation has been even better than that = +16.0% in the last 3 months. “Three-months or more”, that’s what has always defined at @Hedgeye TREND. Just sitting there, riding them works, until there’s a Quad Shift. The thing about being long Tech or QQQ’s is that they work in both #Quad2 and #Quad3. Post the long weekend in the USA, it’s not Macro Monday. It’s Tuesday! So get back on the wheel and ride what the Global Currency market gives you relative to the TREND that remains (i.e. Down Dollar, Up Commodities and Stocks) |
