Setting the Record Straight On Our Market Calls

04/18/16 02:56PM EDT

Setting the Record Straight On Our Market Calls - bear winking

The trolls are back! 

Since equity markets bottomed in February, a growing chorus of market prognosticators -- from outright haters to permabulls and everyone in between -- have been chirping our calls from the cheap seats.

Let's set the record straight.

We still believe U.S. equities are headed for a crash. Myriad macro market risks loom ever larger over the U.S. economy (see corporate profits and flagging economic growth). These risks are as relevant today as they were earlier this year when the market sold off. They have not gone away.

Set aside for a moment that the permabulls most dismissive of our bearish market calls got run over by the selloffs we warned subscribers about in July and again in December. Let's take a look at some cold hard facts. In particular, how our top Long and Short ideas we recommended heading into 2016 have performed.

Long The Long Bond (TLT):

Setting the Record Straight On Our Market Calls - tlt v s p 4 18

LONG UTILITIES (XLU), SHORT FINANCIALS (XLF)

Setting the Record Straight On Our Market Calls - xlu v xlf 4 18

we'll stick with what's working.

© 2022 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.