This chart from today's Early Look compares the performance of Keith McCullough's long position in SPY Momentum (SPMO) and his Russell (IWM) short. 

SPMO is up 19.6% since our CEO went long on November 30. IWM is down 6% since December and down 20.1% from cycle highs in 2021.

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CHART OF THE DAY: "Perma Bears"? Our S&P Momentum Long Disagrees - COTD1

WHAT TO WATCH NEXT:

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CHART OF THE DAY: "Perma Bears"? Our S&P Momentum Long Disagrees - Paul JT Webcast Thumbnail 2.5.2024

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