Hedgeye CEO Keith McCullough appeared on CNBC’s Fast Money this evening to discuss market moves and what lies ahead over the coming weeks. Mario Draghi’s announcement that the ECB would participate in “unlimited” bond buying was the de facto catalyst for today’s massive rally in US stocks. Keith believes this one day rally is not an indicator of things to come, however. If tomorrow’s jobs report is positive, the US dollar could catch a bid.
Sell the losers, ride the winners and remind yourself that growth continues to slow as evident in this week’s FedEx announcement and performance of cyclical names. Watch the above clip for Keith’s take on the market and more.