Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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Of all the differences in my decision making process vs. the Belief-Systems (from Perma Bears to Bugs and Maxis) and marketing schemes you’ll see on both Wall Street and in The Cloud, one of the biggest ones is having the ability and agility to go both ways. Afterall, that’s what Sine Curves and Cycles do. They go up and they go down. After an epic 2-day cumulative correction of -0.14% in SPY, both it and the NASDAQ closed at fresh all-time closing highs, again, yesterday. Gold was down another -1% on the day. Why? It’s The Cycle, stupid. Who wants to be wrong on that? |
