Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
I know – what a difference a week makes. From a Factor Exposure perspective in US Equities it was a big #Quad2 week too:
A) HIGH BETA stocks were up another +8.0% to +35.2% in the last 3 months
The alternative to being long all of these #Quad2 Asset Allocations, Sector Styles, and Factor Exposures would be long fear, and a headline chasing process that might have you long something like Gold (-1.8% last week and -7% in the last 3 months).
Being a Full Cycle Investor is a data-driven decision. You must be all-in to realize Full Cycle results.