Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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In the short-term (and I know, some of you are long-term, but you do panic and puke sometimes in the short-term, admit it), there’s no “fundamental” or “valuation” oriented reason “why” I de-gross & de-risk my book. It’s just my #VASP (Volatility Adjusted Signaling Process). It doesn’t yell at me. It’s just math. So let’s use SPY (SP500) as the simplest example on WHEN (not why) to buy/sell using only The Machine as my guide. |
