On The Macro Show this morning, Hedgeye CEO Keith McCullough discusses a conversation he had yesterday with one of our hedge fund clients. In particular, the data-driven risk management process which helped him successfully execute during the recent market drawdown.
“You’ve got to look forward to opportunities. When I am in a bear market, I want that top end of the range,” explains McCullough. “The minute you think that we’re not going to get there, we get there.”
“If there’s anything qualitative out there today that is more convincing that this is going to be a much larger and more drawn-out bear market than most of you have ever seen—it’s the behavior. It’s the performance, the panic, and the behavior.”
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