Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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Being long Indonesia (IDX), which just printed a #Quad1 acceleration to +5.2% year-over-year in GDP, is just good process. So was staying away from most things US “Rate Sensitivity” like TLT and/or Utilities (XLU) despite the Oscillating Quads view. Got Utes (XLU)? They were even worse than Grossly Owned Tech (XLK) last week (which was -3.8% on the week with MSFT having broken TREND and AAPL knocking on the same #VASP Signal door), with XLU down a big -4.6% vs. XLE +1.3%. |
