CHART OF THE DAY: The Mother of All Bubbles

08/23/24 07:47AM EDT

Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

Rewind the tapes and #timestamps to the last time we setup for a #Quad4 in Q1 of 2022. Yes, Telecom Tom, this happened to the hard-earned capital of The People who were Macro Unaware back then too:

  1. Goldman’s “Bitcoin Sensitive Equity” Basket is DOWN -34% since Q4 of 2021
  2. Goldman’s “High Retail Sentiment” Basket is DOWN -30% since Q4 of 2021
  3. Goldman’s “Most Short Interest” Basket is DOWN -47% since Q4 of 2021

Q: if you lose -30% or -47% of your money in something, how much do you need to be up (from here) to get back to break even? A: +43% and +89%, respectively.

CHART OF THE DAY: The Mother of All Bubbles - CoD MOAB

CHART OF THE DAY: The Mother of All Bubbles - Hedgeye University Email Banner 2024

© 2025 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.