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Takeaway: We are removing Kate Spade from Investing Ideas today.

Please note we are removing Kate Spade (KATE) from Investing Ideas today. According to Hedgeye CEO Keith McCullough:

This is a PM’s call. Our Retail Sector Head Brian McGough’s research view hasn’t changed. But I’d much rather come back to an idea like this once the style factors and macro risks to the #LateCycle consumer play out.


While I'm glad I didn't have you capitulate and sell last week's lows in KATE, I'll be less glad if we don't take this bounce to lower-highs as a selling opportunity. Small cap, high beta - not the Style Factors in the market I want to be chasing and/or holding onto here.


KATE: Removing Kate Spade from Investing Ideas - z ka