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.
"... That’s right muddlers – there has been a ton of alpha out there to be had. So let’s get with the program and do what we’re paid to do and get the next move right from here. For US Equity Beta chasers, I think the next move is Up, then Down. Potential catalysts:
- The Fed (going back to dovish today with Late Cycle #EmploymentSlowing)
- Brexit (if they don’t exit)
- Mean reversion and performance chasing"