In this morning’s edition of The Macro Show, Hedgeye CEO Keith McCullough answered a subscriber question regarding current consensus positioning on Wall Street.

“They’re positioning for #Quad4 deflation. Consensus is long the 10-year bond AND the U.S. Dollar; the only time that Similar Set works is in #Quad4, and it’s not working. Wall Street is obviously setting up for the end of the world... and it's not happening,” explains McCullough, he highlights the biggest positions on the Street that he’s fading.

McCullough: Wall Street Is Positioning For #Quad4 (And It’s Not Working) - etf pro