Editor's Note: The excerpt and chart below are from today's Early Look written by Hedgeye CEO Keith McCullough, Click here to subscribe and begin beating consensus.
...Not loving the following US Equity Sector Styles has shown you the performance love in both Q3 and YTD:
- Energy Stocks (XLE) -20.7% YTD
- Basic Materials (XLB) -15.1% YTD
- Industrials (XLI) -11.0% YTD
I don’t hate, but I’d dislike being long the Financials (XLF) on “rates are going up” (XLF -8.5% vs. SP500 -5.6% YTD); whereas I still like (don’t love) our non-consensus 2015 long --> US #HousingAccelerating is +4.8% YTD (ITB) in real absolute performance terms.
