Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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Instead of being long LOW BETA & LARGE CAP (i.e. boring Consumer Staples type names), what’s really getting you paid in #Quad2 is being long: A) HIGH BETA US Stocks, which were up another +3.7% last week to +25.8% in the last month alone *mean performance of Top Quartile vs. Bottom Quartile, SP500 Companies Another way to think about your Full Investing Cycle investments is to go all Global on whoever thought Emerging Markets were shot for dead back in June of 2020 when the US Dollar started breaking bad to Bearish @Hedgeye TREND. India’s stock market was +3.1% last week and is +10.2% in the last month vs. a Low-Beta Equity market like Switzerland, which was down -1.3% on the week and is only +0.8% in the last month. |
