A quick note from Hedgeye CEO Keith McCullough:
On this morning’s correction, I’ll book what’s been a great alpha position in an up US Equity market. Short-term I’m concerned that my market signal (not Bearish TREND like it was for all of OCT and the first half of NOV) has it right and I can put NFLX back on higher. Longer-term Freedman remains The Bear obviously.
***No change to Andrew Freedman fundamental short thesis on Netflix.