UPDATE | Our Best Macro Ideas (And The Nasty Equity Reality)

01/28/16 09:35AM EST

UPDATE | Our Best Macro Ideas (And The Nasty Equity Reality) - liquidity trap cartoon 01.25.2016

For those of you keeping score, here's the year-to-date breakdown of S&P 500 sector performance:

https://twitter.com/KeithMcCullough/status/692676933318893568

Not pretty.

Making matters worse for long-only perma-bulls, volume has been lackluster (at best) on up days and rips on the down days.

https://twitter.com/KeithMcCullough/status/692678492522045442 

This doesn't bode well for anyone who's doubled-down on Old Wall "wisdom" of buying the dip as equities went down, down, down.

Our subscribers? They're doing just fine.

https://twitter.com/MattCap1/status/692450193380233217

People invested in the truth see our calls for what they are.

https://twitter.com/Convertbond/status/691976628524687360

Here's a snippet from a note Keith sent to subscribers this morning. 

"... Our Top 3 Long Ideas in Macro right now remain: USD, Utilities (XLU), and The Long Bond – 10yr in the US about to break the 2.00% yield level again as German and Japanese 10s chase to lower-lows of 0.42% and 0.21%, respectively."

 

Incidentally, XLU is crushing it year-to-date (up +1.3%) compared to the S&P 500 (down -7.7%). Check out sector performance in the chart above ... the sole green line ... Yup --> Utilities.

Checking in on U.S. Treasuries. After today's Durable Goods bomb, the 10-year broke 2%. A nice call from McCullough earlier this morning.

https://twitter.com/KeithMcCullough/status/692682859107078144

Stick with accountable and transparent 2.0 sources. Stick with us. We're the only Wall Street firm to nail this #GrowthSlowing data. We're just getting started. 

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