Good morning, you can enjoy today's The Macro Show with Hedgeye CEO Keith McCullough and Senior Macro analyst Darius Dale HERE and access the associated slides (once they become available) HERE.
hedgeye's top 3 things
Below are the top three things from Hedgeye CEO Keith McCullough’s Macro Notebook this morning:
1) RATES – UST 10YR Yield smoked to 2.51% this morning, 10s/2s compresses to a fresh YTD low, and 6-month Treasuries invert vs. 12-month Treasuries – now what? As real U.S. #GrowthSlows and the Fed sees a few more months of #slowing headline inflation, consensus should clamor for our formerly-contrarian Long Treasuries position.
2) GOLD – Dollar Down, Rates Down, Gold (and Oil) Up – and Gold up another +0.5% this morning after Oil ramped above $60 WTI for the first time in in 2018 – this is textbook #Quad3 and we remain positioned for it.
3) SECTORS – Energy Stocks (XLE) +0.9% with the Financials (XLF) hammered for a -2.1% loss on the day is also textbook #Quad3 with LONG Energy being the #1 pivot to the long side and Financials becoming the best Sector Style short. REITS and Utes had another great day of absolute and relative return, as they have going back 6 months now.
Hedgeye Investing Summit
Big Risks + Big Rewards
We've gathered some of the sharpest minds in investing to discuss the most important market trends and explain their investing implications on HedgeyeTV. Below is today's lineup, video replays from Tuesday's and Wednesday's sessions are also available HERE.
THURSDAY MARCH 21 (WATCH LIVE HERE)
- [11:00 AM ET] Michael Holland (Chairman at Holland & Co.) on "Big Picture Investing Trends At Home and Abroad"
- [12:00 PM ET] Danielle DiMartino Booth (Founder/CEO Quill Intelligence) on "This Bear Market Rally Will Not Last"
- [1:00 PM ET] Keith McCullough (Hedgeye CEO) and Darius Dale (Hedgeye Senior Macro Analyst) on "Unmistakable Signs Of U.S. Economic Slowdown"
