Editor's Note: Below is a chart (and excerpt) from today's Early Look written by Hedgeye CEO Keith McCullough.
If you want to A/B test your portfolio from a Factor Exposure perspective (instead of just from a long/short Sector Exposure perspective), 2 of the worst places to be in Quad 4 remained the same last week: A) HIGH BETA stocks were down another -3.4% last week and are down -12.3% in the last 3 months alone Meanwhile a textbook Quad 4 asset allocation, the Long Bond (TLT), rose for the 3rd straight week with the UST 10yr Yield down for 3 straight weeks to 3.04% and both Utilities and REITS continued to outperform their Quad 4 aforementioned Sector Style options. Reiterating #Quad4. |