Editor’s Note: Below is an email Hedgeye CEO Keith McCullough sent to Fox Business anchor Maria Bartiromo and her show’s producers last Friday morning before his appearance on “Opening Bell.” Incidentally, one of our biggest recent calls, long Housing (ITB), is up almost 5% versus the S&P 500 since we added it to Investing Ideas on March 4th. Images added.
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This morning it’s back to business with what I think is the best way to be positioned right now:
Long US Dollars (UUP)
Long long-term Treasuries (TLT)
Long US Housing (ITB)
Long US Consumption and Healthcare stocks (XLY and XLV)
Short Commodities and their related stocks/bonds (OIL and XOP)
Ultimately this is the long and short of being positioned for our top Global Macro Theme in Q1 of 2015, Global #Deflation (yes, there are plenty of ways to be uber LONG of the bearish theme – because it’s only bearish for those who are long inflation expectations).
Lots to talk about including another slow GDP print. Looking forward to being with you,
Keith R. McCullough
Chief Executive Officer