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Keith McCullough, founder / CEO at Hedgeye Risk Management, highlights a Quad4 momentum crash in the sectors most widely owned by investors.
According to McCullough, nine out of eleven sectors saw gains yesterday, with healthcare and REITs performing particularly well.
McCullough has previously kept his DRAM position at the minimum size, choosing not to add more exposure in earlier commentary. He has also described financial engineering as a major scam and criticized CNBC for enabling it. His recent sector analysis follows these earlier market views.