CHART OF THE DAY: Buy The Dip?

The biggest risk to buying what I still like (US Dollars and US Growth Exposures), is that the best time to own those exposures is when: 

1. The US economy is in Quad 1 or 2 (like it has been for 8 straight quarters)…
2. And the Global Economy is in Quad 3 and 4 (like it has been for 2018 YTD) 

The worst time to stay with that setup is when the US economy finally slows towards Quad 4. US Dollars (long) and International Equities (short) still work, but the bottom falls out in being long High Beta US Growth. 

Ex-USD, that’s how the market traded yesterday – classic Quad 4. 

And since we have the US economy tracking towards Quad 4 by the end of the summer (and solidly in Quad 4 in Q4), I could very well be playing with fire here overstaying my welcome buying these damn NASDAQ dips.