Each quarter, the Hedgeye Macro Team hosts a presentation and call for valued MACRO clients and a limited number of qualified prospective clients, outlining our 3 key Macro themes.
2010 was an exciting year for us, and our Macro clients have stayed ahead of some major key Macro market moves we flagged early:
- Chinese Ox in a Box (1Q)
- Buck Break Out (1Q)
- Sovereign Debt Dichotomy (2Q)
- April Flowers/May Showers (S&P Short) (2Q)
- Housing Headwinds (3Q)
- Bear Market Macro (3Q)
- Consumption Cannonball (4Q)
What are we saying this year?
Today, Wednesday, January 19th, our MACRO team hosted our Q1 Key Macro Themes call to help our MACRO clients prepare for what's in store over the intermediate-term TREND. The call was hosted by our CEO, Keith McCullough, and Managing Directors Daryl Jones (Macro), Howard Penney (US Strategy; Restaurants) and Josh Steiner (Financials; Housing). The themes for 1Q11 are:
American Sacrifice (Bullish on USD)
- Ron Paul auditing Bernanke
- Midterm election spending cut promises
- Debt ceiling debate + debt/deficit commission decisions
Trashing Treasuries (Bearish on UST)
- Breakout in global inflation
- Sovereign, state, and muni risk premiums mount
- Across the curve breakouts in yields
Housing Headwinds Phase II (Bearish on US Housing Prices and Consumption)
- Updated Price declines since we made call for Phase I
- Updated supply and demand
- Updated housing price projections
To access the podcast copy/paste the following link into the URL of your web browser: https://www.hedgeye.com/feed_items/11301.
As always, if there are any questions, please email and we'll be sure to get back to you with an answer ASAP.
The Hedgeye Macro Team