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JPMorgan: Here's A Trade That Works '100% Of The Time'
Earlier this weekend, we pointed you to the Citigroup Economic Surprise Index (CESI). As you can see, the index is rising out of a trough. JP Morgan's Thomas Lee dug into this figure in his September 8 US Equity Strategy Flash. "Overall, economic surprise has been to the upside and evident in the rise of the [CESI] to -42, its best reading since 05/17," said Lee. He provides this chart: Lee added, "Historically, whenever this index has risen from a trough, Cyclicals have outperformed 100% of the time." Then in a classic told-you-so move, he points you to a his June 1 note. In his June 1 US Equity Strategy Flash, Lee ... (full story)
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to trade and code, keep both simple... no call to impress....h
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