Buy Everything - Part II?

Editor's Note: This is an excerpt from a note written earlier this morning by Hedgeye CEO Keith McCullough. If you'd like more information on how you can subscribe to our services click here.

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If you ask Doctor Dollar, Janet Yellen may very well do what we think she should do. That is … stay “data dependent” with no timing on interest rates. That would mean Down Dollar, Down Rates and Up Almost Everything (similar to what I said during our live March 18th FOMC meeting call).

 

We think both U.S. equity futures (yesterday), and Oil again today are front-running this scenario.

 

Unfortunately for our friends in Europe (where I happen to be writing this morning) you get #StrongerEuro on this development. And the DAX, CAC (both down -4% in the last month) no likey Down Dollar. It means up Euro.

 

So we still like long U.S. Equities vs. short EuroStoxx with the Slower-For-Longer (down rates) view.

 

For now…

 

Buy Everything - Part II? - z ben cha


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