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Takeaway: We are adding Tiffany to the short side.

Please be advised that we are adding Tiffany (TIF) to the short side today.

According to Hedgeye CEO Keith McCullough, "Tiffany's catalyst is the cycle. It's slowing. And I'll be shocked if the ISM Services report (in 5 mins) doesn't confirm that." (Editor's note: It just did.)

Our Retail team will send out a full stock report later this week outlining our bearish thesis on the luxury jewelry and specialty retailer.

TIF: Adding Tiffany to Investing Ideas (Short Side) - zz tif