Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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INFLATION’s Re-Acceleration just trumped whatever the new consensus narrative became on LABOR doing what it always does at this stage of The Cycle (albeit it’s doing so at a snail’s ROC pace). Not only did you get paid to SELL BONDS (I shorted the living daylights out of High Yield (HYG) and Junk (JNK), again, last week) into that narrative, you got paid mucho alpha to have the right SECTOR STYLE Long/Short Book on too. |
