In this clip from The Macro Show, Hedgeye CEO Keith McCullough broke down the sharp decline in oil prices and how Hedgeye Subscribers were on the right side of the move, in part due to following the high levels in the oil volatility index ($OVX).
While there are plenty of "macro tourist" headlines surrounding oil and Israel's military plans, McCullough says he's going to follow the @Hedgeye signal to help decide on investing in oil and energy equities.
“Oil is the weakest of the commodities that are bullish TREND,” said McCullough. “What I’m really interested in doing is buying energy equities.”
In the full clip, McCullough highlights his energy equity picks and other key market positions he's monitoring.
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