Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Full Cycle Investors who positioned for #Quad2 in Q4 were winning, again, yesterday:
A) US Jobless Claims got the bond yield ball rolling with a new Cycle Low (not mid cycle, Mike) yesterday
And that all happened with the 2 Top Sector Players in The Game (Energy and Financials) being down on the day!
Nice call you Mucker (that’s with an M), but now what? Oh, that’s easy to see this morning with Commodities inflating again and the US Dollar making the linear-chartists who called it a “breakout” 2 weeks ago look silly.
Dollar Down, Commodities Up, Rates Up, Stocks Up = #winning.