Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
I do not know what this “deal” is going to be this afternoon, but what I do know is that:
A) I’d love another shot at short selling everything I covered on red during the last 3 weeks of HIGH BETA being for sale
While the HIGH BETA + SECULAR GROWER FOMO is in massive yuge oversupply, there aren’t many Oil & Energy Bulls out there. Having been a bear on both for the last year, I can empathize with their overstaying their bearish positioning.