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Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look. 

Short Stocks Because The Yield Curve is Flattening? Bad Idea - 11.27.17 EL Chart

With US Durable Goods (ex-aircraft & defense) #accelerating to a 37 month high of +6.5% year-over-year growth on Wednesday, what you also got was what’s been bullish for both the Nasdaq and High Yield in 2017 = a bullish profit cycle #accelerating.

Oh, but KM, “the yield curve is flattening”…

Duh. When the 2yr US Treasury Yield goes straight up (on Oil and reflation straight back up) by > 50 basis points since September, the curve is going to flatten ahead of the Fed’s December hike. What if you shorted US growth stocks on that?

(Tech (XLK) was up +1.8% last week to a rip-roaring all-time closing high of +33.4% YTD)

Short Stocks Because The Yield Curve is Flattening? Bad Idea - Email graphic   Cyber Monday 2