In this morning’s edition of The Macro Show, Hedgeye CEO Keith McCullough answers a subscriber question on managing the emotions stemming from the recent downward move in the 10-year Yield.

"When things go to the low end of the Range, people see, they feel, some even hallucinate. That’s why I never say the words ‘it feels like’ or ‘it looks like’. No, it is.

That’s why you use a mathematical, apolitical, and unemotional signal,” explains McCullough, as he hammers down on fading emotions, sticking to the process, and how he’ll be trading the Long Treasury Bond (TLT) as a result.

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McCullough: Don’t Squeal → Get Excited At The Low End Of The Risk Range - risk ranges