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Below is a brief excerpt transcribed from Tuesday's edition of The Macro Show hosted by Hedgeye CEO Keith McCullough

McCullough: There's No Crying In Risk Management - 9 1 2020 11 57 23 AM

I know some of you have been fervent with questions on why you should buy Gold and Bitcoin as of late.

So let’s take a look at the charts.

Here’s Gold.

McCullough: There's No Crying In Risk Management - 9 1 2020 11 59 56 AM

And here’s Bitcoin.

McCullough: There's No Crying In Risk Management - 9 1 2020 12 00 24 PM

What do they have in common?

These charts both have kind of the same circle. You had a buying opportunity and then voila, it is gone as it shoots up.

Remember that there is no crying in risk management. You either bought more or you didn’t.

If you’ve been with Hedgeye since 2008, you are should pretty well adept with this. Hopefully since you have realized that Hedgeye goes both ways.

Hedgeye can go bullish like we were in Quad 1 and Quad 2 on some of the things we didn’t like before and can short the Gold and Treasury positions we're currently long right now.

Going both ways is very progressive in this environment, if only because progressiveness drives performance.