In this morning’s edition of The Macro Show, Hedgeye CEO Keith McCullough discussed the key macro allocations that generated alpha this year, and the accompanying Quad-based reasoning for going long (or short) those assets.
“You still have latent or late cycle #Quad2 selling by the market (and The Machine). Gold isn’t ready to rip, it was even terrible last week. So we have time in building up our #Quad3 Gold position,” explains McCullough, as he highlights how to build up asset allocations.
“People have such a sense of ‘nowness’ when it comes to Quad pivots and Phase Transitions. I don’t, I take my sweet time.”