Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Consider the alternative to owning pure, unadulterated “secular” and “pure high quality growth” in a Globally Diversified #Quad2 portfolio where you’re also “Underweight” or Short Long-term Treasuries (TLT), Utilities (XLU)… and did I say Gold?
India (INDA) was up another +2.2% overnight taking its 1-month price momentum to +3.5%. It did not care that SPY’s LARGE CAP Factor Exposure (see Chart of The Day) was down -0.6% yesterday or that LOW BETA is down -2.0% in the last month.
Yes, this and every Early Look is meant to trigger and test your belief-system. What you want to be true isn’t always true. The market doesn’t lie to itself like some pension fund saying “the market has it wrong on inflation”… people do.