[COMPLIMENTARY] Top 3 Things | Curve/Commodities/Sectors

What a difference 1-week of Cycle Time makes post a manipulated SPX Index Options expiration…

1. CURVE – crashing to new #Quad4 Cycle Lows of -102 basis points on 10s2s – have a Perma Bull email me on how this is bullish for either my Bank Shorts or anything Real Estate (XLRE) and I’ll just LOL. “AI” is fun Storytelling, but let’s get serious here – we’ve already entered a #Quad4 Global Industrial Recession
2. COMMODITIES – both the FX and Commodities market knew what to do with France’s PMI crashing to a 28-MONTH LOW this morning and we remain short of them vs. a big LONG Gold position. Oil down another -1.1%, Copper -1.4%, and Wheat (WEAT) down -1.5% after yesterday’s SELL Signal in Real-Time Alerts
3. SECTORS – oh The FIRR… 3 of our Top 4 Sector Style Shorts printed alpha yesterday with Real Estate (XLRE) hammered for a -1.4% down day (Industrials and Financials down too); Long Side, Defense (ITA) moves back into the Top Spot in terms of #Quad4 Signal Strength, so I’ll be buying that if I see it red today

Immediate-term @Hedgeye Risk Ranges: SP500 = 4; UST 10yr Yield = 3.63-3.84%

KM