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

So what did RATES (UST Bond Yields) actually do last week that got the Fictional Fed Storytellers out in full force?

A) UST 2yr Yield was down -6 basis points last week, but is UP +7 basis points this morning
B) UST 10yr Yield was down -20 basis points last week, but is UP +5 basis points this morning

Remember the time the narrative was BUY GOOGL, MSFT, and AMZN when RATES go down? #NiceCall.

CHART OF THE DAY: Fake Pivot News - ne1


You're Leaving Hedgeye Risk Management...

By selecting this link, you are now leaving the Hedgeye Risk Management (“HRM”) website. The following website contains information concerning investment products managed by Hedgeye Asset Management (“HAM”), an affiliate of HRM, or a firm partnering with HAM, and is subject to HAM’s Privacy Policy. As a separate legal entity, all HAM asset management services are made independently by portfolio managers at HAM and, as such, funds may vary from HRM research.

HRM is not responsible for the accuracy or completeness of information on external websites. HRM does not make any representation regarding the advisability of investing in any investment product or any particular investment advisory. Any opinions or recommendations from linked websites are solely those of our affiliate and are not the opinions or recommendations of HRM.

HRM DOES NOT PROVIDE PERSONALIZED INVESTMENT ADVICE OR ENGAGE IN ANY ASSET MANAGEMENT SERVICE. LASTLY, THIS LINK IS NOT AN OFFER TO BUY OR A SOLICITATION TO SELL ANY SECURITY OR INVESTMENT PRODUCT, OR THE SOLICITATION OF ANY ADVISORY SERVICES.