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)
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!