Below is the "Chart of the Day" from today's Early Look and a brief excerpt written by Hedgeye CEO Keith McCullough. If you're interested in learning more about how we approach protecting and growing our capital, make sure to download Keith's free 52-page eBook below.
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What else am I analyzing, daily, that impacts Market Structure? A: Concentration Factor Risk: 1. SPX was +0.6% yesterday 2. NVDA and MSFT had a combined (and eye-watering!) +35% impact on the index return 3. 65% of stocks in SPX were down an avg -1.3% on the day I don’t think I need to prove it, but anyone who’s seen my notebooks can tell you that every single number in today’s Early Look are on 1 page. And, like I said, if I didn’t know the numbers, I couldn’t do my job trying to compete at the highest level. |
