CHART OF THE DAY: Victory Lap --> An Epic Streak For Growth Investing

As you can see in today’s Chart of The Day, US Growth Bulls have a well-earned victory lap that will go into the market record books as one of the most epic streaks ever for US Growth Investing. Here we’re showing: 

1. Cumulative TTM Relative Performance for the Russell 3000 Growth over Value Index
2. Cumulative TTM Relative Performance for the SP500 Info Tech vs. SP500 Value Index 

The most important causal factor in that chart is the point in time in 2016 when the ROC (rate of change) for US GDP Growth bottomed. That’s precisely when bond yields (UST 10yr Yield = 1.4%) bottomed too. 

Being long Low-Beta, Minimum Volatility, and Duration (long-term Treasuries) is a multi-asset class and portfolio construction right now – not a day trade on today’s expectedly #LateCycle hawkish US wage inflation report.