On today’s morning investment call held for subscribers, Hedgeye CEO Keith McCullough discussed his reasons for buying the Consumer Discretionary ETF (XLY) yesterday and what’s happening in the current market environment. We bought the XLY on red and as you know, we don’t buy stocks on green - that’s a no-no. Another strategy is when you buy stocks when volatility is at 17 and sell stocks with volatility at 14. If you did that, you’re probably having a good quarter. Also: the top three sectors we like are consumer discretionary, consumer staples and healthcare.
You can listen to our full morning call in the audio posted below.