Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough
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Darius and I had a client call with one of the Buy Side’s long-term compounders yesterday. Unlike plenty of PMs who have either become some leveraged version of beta or replaced by cheaper passive index returns, this guy is a long-term alpha generator. It’s infrequent that you hear a leader in this profession (who is making money) speak with such disdain for the state of the US economy, debt, and deficits. He’s beating 95% of fund managers, seeing inflows, and more bearish than me! “Keith, just stop and think about all of this for a second. From here, how does it end? It’s going to end in riots.” #Drink, again. I agree. As you can see in today’s Chart of The Day, 51.3 MILLION jobless claims have been filed in the last 17 weeks. |
