This morning on The Macro Show, Hedgeye CEO Keith McCullough and Director of Research Daryl Jones discussed how to position your portfolio for a market moving economic event like tomorrow’s July CPI print.
“People can really anchor on the one data point, then they’ll eventually forget about it two or three days later,” mentioned Jones.
How would we react if July CPI were to come in hotter than expected?
“The only thing I can do is buy Utilities (XLU) or Gold (GLD) on down days, and sell some on up days,” said McCullough.
“Every day I’m incrementally buying and selling… I just let the market give me my opportunities, and I don’t sit there and wear it when they correct.”
You won’t get this kind of coaching listening to mainstream financial media. Tune in to The Macro Show every day before the market opens to learn how to protect and grow your portfolio.
