Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.
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Much like what you’re seeing in US “stahks” (where performance dispersion continues to widen at the Sector and Factor level), that’s ALWAYS the story with #LateCycle “Credit.” While widening from the “tights”, certain credit spreads get a lot wider, faster. Even for the poor Old Wall people who only do CNBC “stahks”, #Quad4 in Q3 is readily apparent at the US Sector Style level: |
