Below is a chart and brief excerpts from today's Early Look written by Hedgeye CEO Keith McCullough.
Oh, you have friends who don’t like “December-to-date”? Tell them that there’s this modern day thing in macro called The Machine. And it really likes chasing 1-month price momentum. So January-to-date should see more of this #Quad3 in December-to-date follow through:
If they don’t want to talk about what’s DOWN (oh yeah, all caps bro) on an absolute or relative basis this December, they probably don’t want to talk about what they had clients crashing in last December.