Please note that we are adding Utilities (XLU) to Investing Ideas today.
According to Hedgeye CEO Keith McCullough:
Keep playing my macro view forward...
Bad jobs report could very well:
1. Weaken USD
2. Strengthen Oil
3. Ramp The Long Bond
And give a relative bid to any major US Equity Sector Style that looks like a bond.
Ah, the Utilities - hated, probably. Making people money, definitely.
Our macro team will further outline our bullish thesis in this weekend's edition.