CHART OF THE DAY: Widely Held GROWTH Is A Dangerous Long As Cyclical Growth

09/19/22 07:45AM EDT

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

Because Widely Held GROWTH is as dangerous a long as Cyclical GROWTH heading into a recession:

  1. Basic Materials (XLB) were down another -6.8% last week to -10.6% in the last month
  2. Industrials (XLI) were down another -6.4% last week to -11.3% in the last month
  3. Widely Held Tech (XLK) was down another -6.2% last week to -14.8% in the last month

This wasn’t a “good call” by us. This was simply:

A) Having the discipline not to chase 50-day Moving Monkey charts in July/August
B) Having the #process to understand that GROWTH and INFLATION #slowing at the same time = #Quad4

CHART OF THE DAY: Widely Held GROWTH Is A Dangerous Long As Cyclical Growth - hnn

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