Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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If whatever you are reading about the revised-virus this morning doesn’t preface the narrative with those conditional expectations built into futures and options markets, you’re not seeing the drop in both Oil and US Equity futures the way I am this morning. And, to be clear, that’s totally cool with me. While I try my best to educate both myself and our paying subscribers in this open-architecture-data-and-content-platform every day, I really don’t get paid (in my p.a.) unless the crowd has no clue as to what I’m talking and writing about. Quads, Risk Ranges, and short-term windows of IVOL complacency (bulls) and/or capitulation (bears)? Singularly, I know what all of these quantifications mean. If I ran a hedge fund instead of Hedgeye, I wouldn’t have to write about it at all. But, fully loaded with all of my human faults and communication challenges, I’m just trying to help you see what I see. |
