In this morning’s edition of The Macro Show, Hedgeye CEO Keith McCullough and Director of Research Daryl Jones poll #HedgeyeNation on the economic data they want to discuss most; they hit on the numbers behind the Fed’s massive asset growth, and what it means for the U.S. Dollar.
"We've added $4 trillion to the Fed's balance sheet since the beginning of the pandemic. That's 3x as much as the Great Financial Crisis," explains Jones, as he explains how drastic this monetary expansion has truly been.
“The most important takeaway here is that this leads to a lower U.S. Dollar, especially in a #Quad2 regime,” explains McCullough, as he quantitatively breaks down the key takeaway for global macro investors.
