Editor's note: This is a brief excerpt from today's Morning Newsletter by CEO Keith McCullough.
- Energy Stocks (XLE) got smoked for another -3.9% down day yesterday as Oil/Nat Gas continue to crash
- Financials (XLF) underperformed a -1.3% SPY, closing -1.8% on the day at -6.2% YTD
- Industrials (XLI) “outperformed” at -0.9% on the day but are down the same as SPY YTD at -3.1%
Since all 3 of these S&P Sectors remain on our “avoid, sell, short, etc.” list (they are both late-cycle and carry explicit Global #Deflation risks), I’ll just reiterate that call this morning – because it’s easy to.