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

CHART OF THE DAY: Quad 4 Isn't Kind to Energy - z 9

Finally on “stocks,” in US Equity Sector Style terms, it was largely a Quad 4 week as well: 

A) Energy Stocks (XLE) led losers with a -2.6% loss last week and remain Bearish TREND @Hedgeye in Quad 4
B) Utilities (XLU) were only down -0.4% last week and remain Bullish TREND @Hedgeye during Quad 4

CHART OF THE DAY: Quad 4 Isn't Kind to Energy - Chart of the Day