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

What if the “YTD” started on AUG 30 of 2018?

A) That’s when the Russell 2000 #timestamped its all-time closing high. If you’ve been chasing every lower-high in that broad index of US Equities, you’re still down -9.2% and need to be +10% (from here) to get back to break-even
B) That’s also when Gold’s #FullCycleInvesting bottom was in (you short Gold when real yields are breaking out to the upside – you buy it when The Cycle turns and Real Yields fall)
C) That’s also when you could have started buying legitimately “cheap” US Equity Sector Styles like US Housing (ITB) and REITS (VNQ) which were horrendous places to have been while the US economy was in Quad 2

CHART OF THE DAY: Our FullCycleInvesting Process Works - Chart of the Day 7 25 19

CHART OF THE DAY: Our FullCycleInvesting Process Works - early look