We’re Bullish USD In This #Quad1 | The Backtest Is A STARTING POINT

12/01/21 12:05PM EST

https://youtu.be/DyOhpkktt5w

In this clip from today’s edition of The Macro Show, Hedgeye CEO Keith McCullough reiterates that the Quad BACKTEST is merely an average of historical performances (going back to 1998) in each economic regime; by no means does it render any other outcome impossible. In this clip he uses the Dollar’s current Bullish TREND strength within our new #Quad1 pivot (despite its historical backtest as a poor performer.)

“'Well the backtest says the Dollar can't go up in #Quad1.' That's B.S. The backtest says that the best quarterly return for the $USD is in #Quad4, NOT THAT IT CAN'T GO UP IN ANY OTHER QUAD."

"It's not the average of things that matters, it's the particular thing. The backtest is a *starting point.* Every single Cycle is different."

We’re Bullish USD In This #Quad1 | The Backtest Is A STARTING POINT - Podcast Banner copy

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.