Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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What did I “see” in all of that? A) The cross asset class read-through is the market voted early on our 2021 nowcast for USA being in #Quad2 Obviously The Machine can’t just “rotate” everyone out of AAPL and into Exxon (remember that company? It’s still around) in one day. It can certainly try to make you “feel” like it’s all going to happen at once, however. Bombs went off in P&L terms. Your “feelings” are your enemy right now. So whether you’re super happy or sad about how yesterday played out, I’d check that emotional baggage at the door and remember that short-term moves mean revert, in the short-term. |
