CHART OF THE DAY: Did You Buy Treasuries? Housing? Utes? REITs?

Alongside our Quad 4 in Q4 call on SEP 27, 2018 to buy Treasuries (across the curve), Utilities (all-time highs again yesterday), and REITS (VNQ), we said buy Housing (ITB) and: 

1. Lots of people disagreed with that view because …
2. Pre the OCT-DEC crash in US Equities, Housing was the WORST Sector Style to be long for JAN-SEP 2018 

And now, lots of people agree with that view because: 

1. Rates have collapsed
2. Housing (ITB) is up +17.5% from where you could have bought it in OCT