CHART OF THE DAY: Similar Sets Matter

10/07/20 07:46AM EDT

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

For those of you who have friends who are still being rotated (long the Financials since June), the Real Reflation Trade (Down Dollar, Up Commodities) started in May-June and ramped to it’s #Quad3 highs at the end of August.

Since the end of August:

A) The US Dollar has made a series of higher-lows
B) Commodities (led by Oil) have made a series of lower-highs...

In fractal geometry, this is called a Similar Set. That’s when two sets (A and B) are completely ordered and are similar if a bijection exists.

Yeah, most of the guys staring at single-factor Moving Monkeys and tourist #MegaStim tweets are all over that.

CHART OF THE DAY: Similar Sets Matter - Chart of the Day

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