In case you missed the live broadcast, here is the replay of The Macro Show featuring Keith McCullough. Today's edition features a Q&A with Hedgeye's Sector Head of Financials and Housing Josh Steiner.
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In this brief excerpt from today's Macro Show, Hedgeye CEO Keith McCoullough offers his insights on how to trade based on current volatility and gives his current risk ranges for the VIX.
BREAKING: Despite all the "weather" shorts, US New Home Sales beat big in February. Real big. New home sales were up +7.8% month-over-month versus a -3.5% estimate.
More notably... sales were up a remarkable +25% year-over-year as organic strength and very easy compares continue to support improving rates of change in housing demand.
The housing bears and bond bears have been taking it on the chin the past few weeks. Housing (ITB) is up over 2% since we added it to Investing Ideas on March 4th versus 0.31% for SPY. Our Long Bond call (TLT) is up 4.25% in that time.
We are back to net long, in signal terms on that barn burner of a Housing print.
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.