Below is a chart and brief excerpt from today's Early Look written by Macro Analyst Christian Drake.
With the VIX back above @Hedgeye TREND (26.05), HY OAS holding north of 500bps and the 10Y failing to breach TRADE 0.92%, consider today’s Chart of the Day. While there have been some investible, counter-trend periods, I’ll leave it to you to count the number of Value over Growth (secular) head fakes over the past decade+.
And to bring us full circle, it’s important to formally highlight that while Zeno’s paradox is logically and superficially seductive, it is discretely not true.
Or, perhaps more apropos as a market analogy, it’s mostly true for a while (you can indeed, go halfway between points A and B many times) before blowing up spectacularly in the end.