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Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Senior Macro Analyst Darius Dale Click here to learn more about the Early Look.

CHART OF THE DAY: Counter-TREND or Developing TREND? - z up

In today’s Chart of the Day, you can readily see Friday’s performance as a counter-TREND bounce across each of the seven principal style factor categories we track. It’s far too early to tell whether or not this is the start of a new TREND, but the one thing I will say is that #Quad1 is realistically the only GIP Model regime where levered, high beta, slow-growth names can outperform consistently. To be clear, we don’t have a #Quad1 view here in 3Q19E. 

CHART OF THE DAY: Counter-TREND or Developing TREND? - z codf