Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
You see, rather than having panic attacks about pre-market moves, we’re most accurate in contextualizing macro market moves within the longer-term cycle. The US Dollar has been Bullish @Hedgeye TREND since Q2 of 2018, don’t forget.
With USD correcting, Commodities had their commensurate Counter @Hedgeye TREND bounce last week:
If you’re new to subscribing to Hedgeye, we prefer to not have our entire net wealth “invested”, pro-cyclically, in asset classes that crash 25-40% and/or have frequent 5-10% drawdowns in need of government bailouts.