Has the Mother of All Bubbles peaked?
In this clip from The Macro Show, Keith McCullough explains that mega-cap tech stocks Nvidia (NVDA) and Google (GOOGL) are both bearish over trade and trend durations.
Meta has also gone bearish trade on McCullough’s signals, recently falling from Communications analyst Andrew Freedman’s top long position.
“When it went bearish trade, and I saw Nvidia and Google are bearish trade and trend, that’s a sell signal,” McCullough explains.
“Are these saying the probability of a recession is rising or falling when they’re breaking down? These are called deteriorating economic conditions.”
Watch the full clip above.
Not familiar with Hedgeye's Trade/Trend/Tail Process?
These are three durations over which we analyze investment ideas and themes. Hedgeye has created a process as a way of characterizing our investment ideas and their risk profiles, to fit the investing strategies and preferences of our subscribers.
- "Trade" is a duration of 3 weeks or less
- "Trend" is a duration of 3 months or more
- "Tail" is a duration of 3 years or less
