In case you missed it, the “macro tourists” have been out in force in recent weeks. They’re all over the place… popping up like unwanted weeds on CNBC, Bloomberg, Zero Hedge…the list is endless.
These unfortunates have been loudly (and blindly) pointing to various political news stories to predict the end of the bull market.
The data continues to stymie their myopic market calls.
On the heels of a very positive US jobs report, which propelled the Nasdaq to all-time highs Friday, Hedgeye CEO Keith McCullough reminded investors in the clip above from The Macro Show to remain data-dependent.
“Now you get a wonderful selling opportunity in all the things that we’ve liked now that the entire world knows the economy is accelerating,” McCullough says. “Volatility is not your friend from an equity perspective. You are in a friendly space from a sector return perspective.”
Sure, it may seem like there are a lot of things to freak out about (Trump tariffs.. Gary Cohn.. Stormy Daniels..). We would just like to remind you don’t be a tourist. There’s not much worse (or less profitable) than being a macro tourist.
Stick with the process. Be data dependent.
Watch the full clip above for more.