CHART OF THE DAY: Valuation Is Not A Catalyst, But #Quad2 Is

You didn’t think markets stop going up (or down) on “valuation”, did you? Valuation isn’t a catalyst. The Quads are.

While some of the most powerful minds of ye Olde Wall were “calling” for “rotations” (out of Tech and into “value”) and “corrections” of 10% in SPY, or something like that, the fractal nature of macro markets got it right, again.

In the meantime, I’m going to:

A) Buy every damn dip in #Quad2 Asset Allocations when they correct to the low-end of their Risk Ranges… and
B) Sell every rip that signals immediate-term TRADE #overbought within those Bullish @Hedgeye TRENDs