This week, Hedgeye held its Q1 2013 Macro Themes Call which focuses on three main topics: #GrowthStabilizing, #HousingsHammer, and #QuadrillYen.
In our video posted above, we discuss the first theme, #GrowthStabilizing. The US dollar has strengthened significantly since hitting a 40-year low in Q2 2012 and has helped drive growth in America which is ultimately bearish for bonds and gold and bullish for equities.
It has also helped to deflate the commodity bubble created by the Federal Reserve over the past five years. Right now, the biggest risk to growth is our political system and the upcoming debt ceiling debate in late February.