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Every hedge fund (and trader) obviously wants to avoid the "pain trade."

In this clip from The Macro Show, Hedgeye CEO Keith McCullough explains how Hedgeye's unique portfolio construction rules can accomplish precisely that.

"Generally speaking, with the Hedgeye longs and shorts, you're not [going to take the pain trade]," McCullough says. "How many hedge funds are going on CNBC or talking to the Wall Street Journal about getting long the United Arab Emirates, corn, and IVOL?

Zero."

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McCullough: Avoid The Pain Trade - TMS Banner