CHART OF THE DAY: Full Cycle Alpha

02/21/20 08:10AM EST

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

CHART OF THE DAY: Full Cycle Alpha  - 03.15.2018 just trust my gut cartoon  2

As you can see in today’s Chart of The Day, here are the absolute returns for Treasuries, Gold, REITS, and Utes (XLU), from where you’d have booked your gains in #Quad2 Longs like Industrials (XLI) and Small Caps (IWM), and reinvested them in those core #Quad4 assets, at the end of Q3 of 2018.

You’d be similarly happy, eh, bud? If you bought those Cyclicals and Small Caps in Q3 of 2016 and held them for 2 years ending Q3 of 2018…

CHART OF THE DAY: Full Cycle Alpha  - CoD Full Cycle Alpha

© 2020 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.