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Below is a brief excerpt transcribed from Wednesday's edition of The Macro Show hosted by Hedgeye CEO Keith McCullough |
Commodities continue to make new 3-month and cycle highs.
Take a look at the CRB Index, an index of 19 different commodities.
Whether it's your cost of living in housing terms or any other forms of the cost of living, you can lie to yourself and say there's no inflation.
That would clearly imply that you do not have these things in your account.
That chart is up 17% from where we went bullish on commodities back in June.
Whether you went bearish on the dollar back in May, bullish on Commodities in June, or bullish on Chinese stocks from June on, it doesn’t matter anymore this morning.
It matters what you do today for tomorrow and the days after that. This is all about compounding your returns on top of the wealth that you’ve preserved and protected.
So as opposed to freaking out and worrying about all sorts of things (like some of the things that were on sale last week) you should have been buying them instead of whining!
That has obviously played out in spades this morning with the 10 Year Yield falling back towards 65 basis points.
You could have bought it all day long at 72-76 basis points. I did indeed do that, did you?
Have you been taught to do that? Hopefully you’ve been taught the process and you're doing that.
