Takeaway: We bought FedEx (FDX) at 9:48am this morning at $97.84.

We’re going back to the playbook - buying Consumption, shorting Commodities. You can express this macro long-term TAIL view in many different ways. Hedgeye Industrials Sector Head Jay Van Sciver remains bullish on FedEx's margin opportunity.

Trade of the Day: FDX - FDX