Asset Class Returns Since RBS’ “Sell Everything” Call

Checking in with RBS’ “sell everything” call made back in January.

"Sell Everything" – RBS on Jan 11
Returns since…
Oil: +37%
EM: +22%
S&P 500: +14%
US High Yield: +11%$RBS: -40% pic.twitter.com/Nkt52pnRQL

— Charlie Bilello, CMT (@MktOutperform) July 14, 2016

The kicker for me is while pretty much every asset class has recovered RBS’ stock is down 40%.