• Bull.

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

Buying literally any Commodity on corrections towards the low-end of its Risk Range has worked since our Full Investing Cycle process went A) Bearish on USD and B) Bullish on Commodities back in JUN 2020.

I call them Commodities because A) they are and B) have the historical volatility that is…

If you’d prefer to call Lumber (or Bitcoin) an asset, that’s cool with me. Commodities are assets and the asset price of Lumber inflated another +20.1% last week, taking its 3-month inflation to +73.6%.

Whatever you do, do not call that inflation!

CHART OF THE DAY: Lumber Loves #Quad2 - Chart of the Day