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

Did I “miss” buying what has sucked royal wind for a head-fake #Quad2 V-shaped-recovery in April and May of 2020? Big time. And thank God for that. Imagine I shorted Treasuries and Gold in early June and bought the Financials (XLF)?

I get it. Not everyone does it this way. Alongside my fellow Full Cycle Investors, I am grateful for that.

I’m also humbled by the daily opportunity that Darius, Dr. Drake, Jonesy Buds, and I have to not only #educate, but motivate others to think differently about The Cycle too.

If you want to be beta, don’t challenge yourself. Just sleep in and pay 9.5 basis points to own SPY.

CHART OF THE DAY: Did You Chase The "V-Shaped" Recovery Or Pivot To Quad 3? - Chart of the Day