CHART OF THE DAY: Don't Get Sucked Into Counter-Trend Bounces

05/19/20 07:33AM EDT

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

Hedgeye’s view of the future of an Independent Research/Content platform is happening faster than the Old Wall thought too.

Yesterday’s V-Shaped Vaccine hopes delivered what we call a #Quad2 Day where:

A) US Dollar is down
B) US Treasury Yields are up
C) Gold is down
D) Oil and Energy Stocks are up
E) Financials and Bank Stocks lead the rally
F) Junk Bonds fly like an aerial ride-share

All of that, of course, is called a Counter @Hedgeye TREND move or just a very noisy immediate-term TRADE.

CHART OF THE DAY: Don't Get Sucked Into Counter-Trend Bounces - Chart of the Day

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