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Below is a brief excerpt transcribed from Thursday's edition of The Macro Show hosted by Hedgeye CEO Keith McCullough |
If you think about the current market set-up in poker terms, it's a crowded table where everyone is playing for a full house. All the aces are on the table. Everyone owns the FAANG.
But what about Agriculture? What about things like Wheat?
Wheat is up this morning. That’s a great thing!
Who has been long Wheat? I am asking for a friend.
Corn also got back up to bullish trend last week, helping to perpetuate this move in Agriculture along with soybeans that have been mostly bullish.
Regardless, this has been a fantastic contrarian call to play. It's not crowded at the Ag poker table and there's still a ton of money to win.
