In this clip from today’s edition of The Macro Show, Hedgeye CEO Keith McCullough breaks down his thoughts on tomorrow’s (12/7/21) CPI print, and how he’s positioning his bond portfolio in advance.
“If CPI decelerates, well that’s great. Then we get to feel “super intellectual” for calling the peak in headline CPI. But if inflation comes in hotter than October’s +6.2%, well why isn’t that the peak?
If you’re going to buy bonds, you better be prepared for some macro tourism on a hot print, what am I going to do? Well that’s why I’ve been getting into my bond positions incrementally.“
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