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Takeaway: We are removing Restoration Hardware from Investing Ideas.

Please be advised that we are removing Restoration Hardware (RH) from Investing Ideas today. Below is a brief note from CEO Keith McCullough explaining our decision.

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RH: Removing Restoration Hardware from Investing Ideas - 12

This is not a fundamental research call from Brian McGough. This is more of the same in terms of me wanting you to take down your gross exposure to the US stock market as we head into what I believe will be a volatile summer.

RH has had a great run for us and I want to make sure you harvest some of those gains so that you can re-invest at lower-prices if/when small cap consumer stocks get hit again. Gas prices aren’t falling anymore and the rate of change in the US labor data continues to slow.