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Below is a brief excerpt transcribed from Tuesday's edition of The Macro Show hosted by Hedgeye CEO Keith McCullough.

McCullough: QE Infinity... What's Next For The U.S. Dollar - 3 24 2020 11 07 10 AM

We are looking for signs that the dollar might correct here.

Why would it do that? Well...

  1. It was at the top end of its range last week. It was up over 4% and
  2. You have everyone saying it's Fed QE to infinity.

Don’t forget that the other Central Banks now have to go to QE infinity as well. We are in the middle of a currency war and the dollar is still the world's reserve currency.

That's the point about our Quad 4 call. It's the only quadrant where the dollar goes up. We have a big time dollar shortage currently. The Chinese are short dollars and need them. Obviously people need to fund their illiquid investments because they currently need liquidity.

This could be a fantastic opportunity if we have anything towards the low end of the range of the US Dollar Index.

That’s the most important thing this morning for those of you that are having panic attacks or not. Use the Risk Ranges. That’s why I built them. I designed them to front-run The Machine.

McCullough: QE Infinity... What's Next For The U.S. Dollar - Slide 69