UUP: Adding PowerShares DB US Dollar Index Bullish Fund to Investing Ideas (Long Side)

07/28/16 01:17PM EDT

Editor's Note: Please note that our Macro team will send a full report outlining our high-conviction long thesis next week. Below is a brief summary of our new idea from Hedgeye CEO Keith McCullough.

UUP: Adding PowerShares DB US Dollar Index Bullish Fund to Investing Ideas (Long Side) - strong dollar

"There's the very short-term (which I was waiting for a pull back on and, luckily, just got one). Then there's the long-term (we've been bullish on the US Dollar since 2013).

Short-term, you get the GDP "is back, baby" (tomorrow). Long-term, you have #EuropeImploding (bearish Euro) and Japan going for a 28 TRILLION Yen fiscal stimulus...

Oh, and not that perma bulls need to be consistent on the prior narrative... but both the Chinese Yuan and Oil are breaking bad again (that's been the TREND) too.

Buy Red,

KM

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