Below is a brief excerpt transcribed from Tuesday's edition of The Macro Show hosted by Hedgeye CEO Keith McCullough.
The 10 Year Yield just totally nailed it.
This has been one of the greatest positions you could have been in during one of the greatest losses of capital for investors who have been long stocks.
Long U.S. Dollars, long Treasuries, and long Gold have been just awesome. And its going to get more awesome if gravity continues to win.
I don’t take the lazy shortcuts of investors who say, 'Don’t fight the Fed.' I’m going to buy what works when deflation takes hold.
Obviously some people have been freaking out with every bounce in Treasury yields but now they see economic reality.
Economic gravity matters. Gravity continues to win.
