A cardinal rule of investing is: Don’t let short-term market moves impact your portfolio. On that score, subscribers ask Hedgeye CEO Keith McCullough the following: The VIX is falling. Is the VIX really still bullish trend?
“Of course it is, it says bullish trend. You think I’m not focused on it? I don’t give a pinpoint estimate on VIX because we’ll have way too many people lose their minds over a number changes within two hours of trading,” explains CEO Keith McCullough in this clip from The Macro Show.
The broader point is don’t fall prey to anxiety about the short-term market moves. Follow the Hedgeye process. “‘Keith, Keith, it’s lower, why wouldn’t you get long? Why wouldn’t you look at the beat-miss ratios?’ Go for it. I’m not here to lose my own money,” McCullough adds.
Watch the full clip above.
