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

While Tourists who are still staring at the Dow, in points, may have missed the Bond & Commodity market signals last week, US Equity Sector Style performance did not:

A) Financials (XLF) pivot back to long in #Quad2 (vs. short in #Quad3) paid off with a +2.3% weekly return
B) Energy Stocks (XLE) led TRENDING #Inflation with a +5.1% weekly ramp to +18.6% in the last month alone

The other side of that #Quad2 Cyclical Long trade was “defensive” Healthcare (XLV) which crushed it during #Quad3 in Q3 but was down -0.3% last week to -6.7% in the last month discounting a #Quad2 re-opening.

CHART OF THE DAY: US Equity Sector Style Performance Didn't Miss The Signal  - 10 11 2021 7 24 40 AM