Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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The ROCs (rates of change) of the numbers is all I am measuring and mapping. I don’t wake up and crack open a beer and a valuation model. What matters to me isn’t the valuations, averages, or opinions of things – it’s the particular things. Another episodic-and-non-TRENDING US Equity Vol Spike comes and goes – it’s still #Quad2… EUROPE – European Equities do not have the perf problems some equity books seem to keep having in America – our Top 2 Country Allocations (Germany and Switzerland = EWG & EWL) waived off yesterday’s US selloff, with both stock markets opening higher by +0.2-0.4% this morning – Swiss 10yr Yield up another +4bps to -0.16% = #Quad2 |
