Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.
"... A) Mostly all of Consensus Macro missed calling the long-term breakout in USD (and commensurate commodity #Deflation)
B) But, on shorter-term durations, consensus is right back in the saddle now, Short USD and Long Oil
C) And this is happening as both the Long-term support for USD is holding inasmuch as long-term resistance for Oil is
So… in addition to keeping shorts on (in Real-Time Alerts) where Earnings Season is our catalyst, maybe what I should do is just buy Dollars, short Oil & Gas Stocks (XOP), turn off my screens for a week…"