Editor's Note: Below is a chart from today's Early Look written by our Senior Macro analyst Darius Dale.
Are you currently doubting the resilience of the Raging Bull?
OK, maybe “resting” bull is more appropriate with the S&P 500 down -14.8% from its 9/21 all-time high.Yes, the market peaked nearly three months ago to the day and within a week of our making the #Quad4 in Q4 on September 27th. I recall remarking to Keith in-between prospective client meetings in Dallas the week prior, “No one believes our #Quad4 forecast; they will when it smacks them in the PnL.” (smack in the football tackle/hockey check sense)
...Juxtapose those returns with the returns some of the #Quad4 heroes currently saving a lot of investors’ years – certainly on a relative basis, but also in absolute terms as well... All told, to the extent you’re looking for incremental catalysts for the Raging Bull market in Treasury bonds – if only for your PA – then look no further than The Cycle. Indeed, the only Wall St. strategist that shares our outlook for domestic growth and inflation is Mr. Market himself.