Looking for The LOW Beta Shift...

01/07/09 10:17AM EST
After global equity markets put on the kind of “re-flation” move that they have, the masses tend to crowd the call, coming into the game late, chasing beta.

This is when I think you should be shifting to low beta because 1. low beta outperforms on down days and 2. it's what a risk adjusted return demands.

We bought WMT yesterday using our "low beta shift" call. Other low beta positions that we like on the long side are BMY and TIP.

Keith R. McCullough
CEO & Chief Investment Officer
© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.