Editor's Note: Below is a chart (and excerpt) from today's Early Look written by Hedgeye CEO Keith McCullough.
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After Bond Kings (yep, our competition) were shouting from their towers that the UST 10yr Yield would be at +3.6-4.0% in no time, the best asset allocation decision you could have made was to buy Treasuries, across the curve, as inflation expectations collapsed. ...we were long and strong US Growth Stocks until Q3 of 2018, then we de-risked and re-allocated to Treasuries and Bond Proxies in Q4. It was a December to remember, indeed. And, no, it doesn’t always work out that way. But when it does, we know why we helped you dominate the competition. Cheers to having not only a differentiated process, but the winning one throughout 2018. |
