In this clip from today’s edition of The Macro Show, Hedgeye CEO Keith McCullough analyzes Semiconductors (SMH), Micron (MU), and Tech (QQQ) within his Macro process, breaking down what he’s buying based on his quantitative Signals.
"I am a Full Cycle Investor, that incidentally trades in moments of truth. It’s the particular things that matter; not the moving average of things, people’s valuation of things, or their current view of Wall Street’s downgrading of earnings when we’re upgrading GDP.”
“The CNBC crew is going to be talking down Semis today because of Micron. Micron is a dog because the company has no pricing power, it’s a pure commodity.”