CHART OF THE DAY: Story Stocks Are Seeing Stagflationary Reality

08/10/20 07:39AM EDT

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

While the Hoodies are all infatuated with their stahks! (many story stocks crashed last week), the Hedgeyes just keep making money on the long side of plenty of the aforementioned plus Palladium (PALL) up +5.6% last week too.

Long Rare Earths (REMX) and Palladium? Yep, blinding inflationary moves for both, baby!

Love exclamation point Mondays! They are tremendous! Beyond Meat (BYND) like tremendous, eh? Remember when that story stock was at $240? How about when Hoodies chased it to $163 in the 1st week of June?

Consumer Staples analyst Howard Penney reiterates the SELL on that sucker at $131 this morning and I remain long of real meat in my freezer.

CHART OF THE DAY: Story Stocks Are Seeing Stagflationary Reality - Chart of the Day

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