“Just because we removed the word patient from the statement doesn’t mean we are going to be impatient,” Fed Chair Janet Yellen said in a press conference Wednesday in Washington.
In this brief excerpt from today’s Macro Show, Hedgeye CEO Keith McCullough discusses the growing risks facing investors ahead of the FOMC policy statement at 2PM ET.
Hedgeye CEO Keith McCullough shares the top three things in his macro notebook this morning.
Relied upon by big institutional and individual investors across the world, this granular morning newsletter distills the latest and most vital market developments and insures that you are always in the know.
Takeaway: We are removing PENN from Investing Ideas.
Please note that we are removing Penn National Gaming (PENN) from Investing Ideas today. PENN was added on 2/24/15 and is up 1.4% versus a 2.2% decline in the S&P 500.
According to Hedgeye Gaming, Lodging & Leisure Sector Head Todd Jordan:
"We continue to like PENN over the intermediate and long term but negative same store revs in March could pressure regional gaming stocks."
Early weekly revenue read from a few markets is mixed as a much weaker Pennsylvania was offset by a stronger Missouri.
Q & A
Hedgeye CEO Keith McCullough breaks down the current Real-Time Alerts positions and answers viewer questions.
This indispensable trading tool is based on a risk management signaling process Hedgeye CEO Keith McCullough developed during his years as a hedge fund manager and continues to refine. Nearly every trading day, you’ll receive Keith’s latest signals - buy, sell, short or cover.