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Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. 

Did you front-run the “pricing in” of #Quad4 in Q3 and go ahead and dip a toe into some blackhole exposure? That’s on you if you did. Especially if you’re one of the few Institutional Asset Managers who can actually invest for more than 6 months, I get why you did too.

Now if your investment duration is 6 days to 6 weeks (c’mon bros, admit it), you lost a few toes in that early AUG 2019 blackhole of #Quad4 Risk, so you want to be careful with the rest of your feet here in early OCT.

CHART OF THE DAY: Do You Buy Blackholes? - Chart of the Day

CHART OF THE DAY: Do You Buy Blackholes? - early look