Editor's Note: Below is a chart (and excerpt) from today's Early Look written by CEO Keith McCullough.
Being short Momentum, High Beta, and US Growth sounded “creative” and “interesting” at the time that we made that call at the end of September. Now it just sounds right.
The other thing that worked out well for us last week (instead of freaking out and capitulating alongside consensus at 3.23% on the UST 10yr Yield earlier in the month), was being long both short and long-term US Treasury Bonds:
A) UST 2-year Yield dropped -9 basis points last week, breaking immediate-term TRADE support of 2.84% (closing 2.81%)