In this clip from today’s edition of The Macro Show, Hedgeye CEO Keith McCullough rips into Fed Chair Powell for attributing inflation solely to supply chain bottlenecks. Importantly for investors however, he goes on to tell Macro Show subscribers which bottleneck stocks he’s looking to buy (sub to learn more).
"Every time Powell said inflation yesterday, it was followed by ‘bottlenecks.’ He tried to reduce something very complex & dynamic to one word…
That is unequivocal B.S. That's the sole reason we have inflation, and it'll go away once the bottlenecks do? B.S.”
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