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

This is what happened last week:

A) UST 10yr Yield was down -1 basis point to 0.69% and remains Bearish @Hedgeye TREND (that’s Bullish TREND for Bonds)
B) Gold was up another +0.9% last week taking its league-leading 2020 “YTD” return to +13.8%

And some people quite literally want and/or need me to “admit” that I “missed calling the bottom” while my favorite US Equity Index Short (Russell 2000) is -15.0% YTD and my fav Sector Style Short (Financials) is down -22.1%, lol.

My hands are in the air – I missed picking it … and I don’t trust the establishment. I am not your proctologist!

CHART OF THE DAY: "But, Keith, You Missed The Bottom!" - Chart of the Day