Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
If you have friends who don’t do Dollars, Treasuries, or Gold in their retirement accounts, they can still be long Utes, REITS, and Staples – in Factor Exposure terms, those are considered LOW BETA stocks. LOW BETA US Equity was +0.3% last week and is +1.1% in the last month vs. HIGH BETA, which was -1.5% last week and down the same in 1-month price momentum terms. If you don’t do 1-month, you should consider it this morning because both Simons and The Machine does. |