"The bull is back," says Barron's. "More stocks could join the tech leaders." We disagree fundamentally with this. It's nonsense.
That said, there's an important distinction to make between being bearish (or bullish) fundamentally and actual positioning.
As McCullough recently wrote in Real-Time Alerts (coaching notes), "Especially on the Short Side, there's a BIG difference between having a view on something (bearish) and having a real position."
RISK MANAGEMENT IS CORE TO our DNA
Here's the thing: We've been fundamentally bearish on Technology stocks and have been since we made the #Quad4 Crash call in January 2022. Tech fell -36% from the November 2021 highs to the 2022 lows.
Then Tech stocks rallied.
So... just how bad is Keith McCullough at risk managing the move in Tech stocks, despite being fundamentally bearish on Tech? In the past four years (from June 1, 2019 to present day), McCullough's signals in Real-Time Alerts on XLK have produced one losing signal and 26 winning signals. That one losing signal was down -1.3%.
Over that period, McCullough's 19 of 26 Real-Time Alerts signals were on the short side. That's 70% of the time.
We continue to believe a day of reckoning is coming for risk assets. We call this market environment The Mother of All Bubbles.
But, and this is a big hairy "but," as Keith McCullough wrote earlier today, "Shorting these Storytelling Perma Growth Bulls has been awesome since I went bearish in JAN of 2022, but that doesn't mean I always have to have the position sized up."
A lot of people think CEO Keith McCullough is a permabear. Nothing could be further from the truth (we were bullish on XLK from November 2020 until January 2022). We go both ways - long and short - and we like it that way.
Our go-anywhere Macro risk management strategy has been helping subscribers preserve, protect and compound their hard-earned wealth since we first opened our doors during the Great Financial Crisis of 2008. It's a better way to invest.