Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Now I know why the biggest consensus “bet” in Global Macro (a +2.73x 1yr z-score futures & options bet) was to “buy Gold”: A) IF the illegal “edge” was supposed to be that Brainard was going to win… That’s as simple as an IF/THEN equation gets in macro. If you had the Brainard part right, that is… |