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Below is today's "Chart of the Day" highlighted in today's Early Look by Hedgeye CEO Keith McCullough along with a very brief excerpt.

So let’s review ATH’s this morning. ATH = All-Time High, and all-time remains a very long time:

  1. Our Core Asset Allocation to Large Cap US Growth (QQQ) made an all-time high yesterday
  2. US Equity Beta (SPY) scored an ATH in conjunction with that
  3. India’s Stock Market (BSE Sensex Index) made another ATH overnight too

While the “retail” investor might think they get paid to own SPY, the best active managers really don’t. The SP500 is called the “bench” or beta. And you must beat the bench to generate alpha.

...since we added India (INDA and SMIN) to my family’s Core Long Only portfolio (which you can see daily via our new Portfolio Solutions product) in June of 2023, India’s Stock Market has beaten a USA Only investor’s SPY

This is a small taste from the Early Look which is delivered to investors big and small all around the world every morning before the market opens. We encourage you to ditch the narrative-laden, CNBC-BS crowd and join a better way.

Chart of the Day: Our $QQQ Core Asset Allocation = All-Time High - z cod ricci