Another rough day for the bears. U.S. stocks are surging higher again today, sending the S&P 500 and Nasdaq to new record highs. That said, here's a cautionary observation from Hedgeye CEO Keith McCullough on The Macro Show this morning.
“You’ll note that I haven’t shorted the S&P 500 yet. You’ll also note that our model from a Quad perspective is saying the S&P 500 is not where you want to be, certainly in Q4, when you’re in the 4th quadrant. In the 3rd quadrant, a lot of things work don’t forget. That’s why I haven’t shorted the S&P 500. I am getting ready to short the S&P 500.”
In the meantime, below are a dozen of our cartoonist's Bob Rich's best.