In today’s episode of The Macro Show, Hedgeye CEO Keith McCullough discussed how Hedgeye’s market outlook has evolved since late April, shifting from a more bearish to a more bullish stance.
“If it goes from bearish to bullish trend, you're out of it, on the short side. If it goes from bearish to bullish trend, and you want to buy it, have at it, the machine’s buying it.”
Keith also pushed back against the idea of catching every market inflection perfectly.
“I'm not here to tell people I'm going to nail every single top, bottom and everything in between, that's complete bullsh*t,” he said. “We're not here to bullsh*t you. We're here to execute.”
He also warned against emotionally driven investment decisions and the human desire for certainty:
“We, as a matter of process, embrace uncertainty.”
“If you're coming from the old wall, or a CNBC type viewer, you're constantly being pushed into the same things that everyone else is chasing.”
“Utilities went from bearish trend to bullish, right? So what did I do? I went from short utilities to long them. It's not that complicated.”
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