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  Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

Energy Stocks are cyclicals. So, if you have a repeatable #process that gets The Cycle right, you’ll have a good chance of getting Energy Stocks right.

Since my SIGNAL to QUAD #process isn’t subject to climate change debate, let’s review what Energy Stocks (XLE) did within the context of the Energy EPS Cycle:

A) The Energy EPS Cycle peaked on a 1-2 quarter lag to the Global Economic Cycle peaking in Q4 of 2021
B) In Q1 and Q2 of 2022, SPX Energy EPS was up +277% and +283% year-over-year, respectively

CHART OF THE DAY: Get Energy Stocks Right - chrt1

CHART OF THE DAY: Get Energy Stocks Right - Hedgeye University

CHART OF THE DAY: Get Energy Stocks Right - JurrienTimmer