McCullough: Biggest Recent Surprise? The Data Is Actually Worse
A number of viewers had a similar question for Hedgeye CEO Keith McCullough on The Macro Show Wednesday morning.
The gist of it was this:
Has anything changed on the margin? We’re walking the knife’s edge between Quad 3 and Quad 4 in the outlook. Has that shifted at all over the past few days?
Here’s a portion of Keith's response:
“Yeah—it’s gotten worse. That’s actually the thing that shocked [one institutional investor] who runs about $15 billion. He said, ‘There’s got to be something that’s surprised you in the last couple weeks.’
And I was like, ‘Yeah—the data has been worse than I thought it would be!”
watch the full clip ABOVE FOR MORE
© 2019 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.