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Editor's Note: Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.

CHART OF THE DAY: Alpha Opportunities In #Quad3  - zda

To be clear, as the US Economy digs deeper into #Quad3, The Cycle will negatively impact more and more “Secular Growers” (see GOOGL yesterday for details), so just like in May of 2001 and in May of 2008: 

A) The rally in “stocks” gets narrower and narrower (winners win), the deeper the US economy goes into #Quad3
B) The alpha you can generate being in the right longs vs. shorts is the best of any of the 4 economic Quadrants 

CHART OF THE DAY: Alpha Opportunities In #Quad3  - Chart of the Day