In this clip from today’s edition of The Macro Show, Hedgeye CEO Keith McCullough hits on his top themes for the day, starting off with the recent rip in oil prices and how it will exacerbate the slowdown in U.S. consumption growth (and what that means for his Quad outlook.)
From Keith’s Top 3 Things:
1) OIL – This epic inflation to $109/barrel puts 100% certainty on a Deep #Quad4 Slowdown in U.S. consumption growth in Q2 - no cycle is the same, but this reminds me of Q2 of 2008 when I started Hedgeye with a U.S. Stock market crash call – reiterating Long Energy (XLE) and Gold Miners (GDX) = Top 2 now in U.S. Equity Sector Risk Range™ Signal Strength terms.
