Every economic downturn is different. But identifying the data that leads to them has remained the same here at Hedgeye since our founding in 2008 just before the market crash.
As Hedgeye CEO Keith McCullough explains, his process remains the same as our macro team calls for slowing growth and inflation conditions (but not a crash) in 4Q 2018.
“We built the firm in ’08 calling for the crash, and it was all a rate-of-change call,” McCullough explains in the clip above.
“We said that the compares weren’t going to get easy until 2009, and lo and behold, we went bullish on the stock market then against the easing compares, but also the accelerating data. A process, if you have one, shouldn’t be too hard to explain.”