Did this week’s rollover in headline inflation surprise you? It shouldn’t have, if you’ve been following our Macro team.
High-frequency economic data revealed #InflationsRollover to us months ago. You had to have the intellectual rigor to measure, map and contextualize that data every single day.
In the video above, Hedgeye CEO Keith McCullough explains how this topping process (and rollover) in inflation should have had you positioned.
“If I didn’t expect inflation to go down sequentially in the Producer Price Index, then I would have been long energy, commodities, inflation hedges and chasing the short side of bonds,” McCullough explains.
“But we did not. We want you to understand why you’ve been making money on this. We have explicit views with explicit timing and catalysts and today’s a great example of what we expected to come to fruition versus Wall Street’s expectations.”
Watch the full clip above for more.