Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
So, as bond yields continue to breakout and SPY ramps back to within 0.4% of her all-time closing high, who is going to capitulate first and get off the Deflation/Duration/Defensives narrative and get on the #Quad2 in Q4 MFO bus? Does it really matter what these all-stars do? No. What matters is what you do. Most of you are what I call the Silent Majority of Hedgeye subscribers. You don’t show me love or hate. You just consume our content and consider my risk management #process within the context of your own. I love that. How much longer can #Quad2 in Q4 last? We’ll see. But, fortunately, I’m still on the right side of the grass and Q4 just started. |