One cannot dismiss the significance that President Trump—the most prominent and vocal critic of the highly controversial Iran nuclear deal—chose Saudi Arabia as the first country to visit on his inaugural foreign trip.
Of course, Trump has pulled no punches on the Iran deal calling it the “worst deal ever.”
"While the conventional wisdom in the foreign policy community in Washington is that the Iran nuclear deal will survive under the Trump Administration, our contacts in the White House tell us the future of the Iran deal is hardly a settled point," says Hedgeye Senior Energy Policy analyst Joe McMonigle.
In the complimentary video below from The Macro Show, McMonigle goes into granular detail why smart investors may want to short conventional wisdom.