Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Back to this morning’s math…
In addition to measuring and mapping the US Equity market from a Sector Style perspective, we do the same from a Factor Exposure perspective. It was a clean cut #Quad2 day to start May on that front yesterday too:
Yeah, sure, you could have lost your macro marbles and SOLD your HIGH BETA Commodities Exposures in March and/or gone all Macro Tourist on yourself in April and sold your Small Caps. But you didn’t. Why? Because you love me.
Haha. No you don’t. But I do love the idea of you loving your process. Part of my coaching style is to constructively criticize you like I criticize my former self.