CHART OF THE DAY: Risk Managing Peaks

11/06/18 08:15AM EST

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

CHART OF THE DAY: Risk Managing Peaks - 04.27.2018 peak now what cartoon

As you can see in today’s Chart of The Day (slide 64 in our current Q4 Macro Themes deck), the Q3 of 2018 Peak wasn’t just any other peak. It was an epic 9thconsecutive quarter of year-over- year US GDP #GrowthAccelerating that:

  1. Came from a ROC (rate of change) Bottom level US Economic Growth in Q2 of 2016… and
  2. Perpetuated massive alpha doggie returns for anyone long either Growth or Tech as Factor Exposures

Some PMs went out of business shorting that 2.5-3 year move in what they called “overvalued growth stocks”…

CHART OF THE DAY: Risk Managing Peaks - 11.06.18 EL Chart

CHART OF THE DAY: Risk Managing Peaks - early look

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