Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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With both Sector Styles (Tech and Utes) being in the Top 4 Sectors you want to be long with the US economy in #Quad3 Stagflation (alongside REITS and Energy), what could possibly go wrong if you get a stock wrong (PANW) within a Sector that The Machine is chasing? What we do know is that 100% of the people calling for the “bottom” in things like earnings (after their 1st quarter of going negative) had no process to call the topping process of either the GDP or US Profit Cycle before multiple periods of what they call “risk on” happened. |
