On The Macro Show this morning, Hedgeye CEO Keith McCullough reviewed the Top-3 things looming on his radar screen. During this excerpt, Keith highlights some of the insanity going on with respect to Europe.
“It’s an amazing thing to see that people thought 1) a European recession wasn’t happening; B) isn’t going to continue; and C) people are buying Euros thinking they’re going to continue raising interest rates,” explains McCullough.
“If this keeps happening, they’re going to stop raising interest rates and they may cut interest rates.”
Watch the full clip above.