Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.
"... You don’t just have to be in Cash and Long-term Treasuries to win the 2016 Alpha Bowl. You could have easily ran a net neutral exposure long/short US equity hedge fund and set yourself up with the following portfolio:
- Put a billion into Long Utilities (XLU) which were up another +2.5% last week to +7.6% YTD
- Put a billion on the short side of the Financials (XLF) which got sacked for another -3.5% loss last week (-12.1% YTD)"