Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Since I’d been writing about it (and ranting about it on The Macro Show) for the last week, I did those things (because that’s what I was telling you I was doing)… and you know what I was up yesterday? Three basis points.
Three, as in +0.03%.
Holy hyena you are a bloody hero, Mucker! Ha. Nope. Not at all. I just wasn’t the PM who was either down -3% on the day or worse. I did my #1 job, preserving and protecting my family’s hard earned capital, when many others were losing a lot of theirs.
Now if you have friends reading this who will never subscribe to our process because it is either too advanced (in volatility adjusted return space) and/or in direct conflict of interest with their bs TINA (there is no alternative to stahks!) marketing, that’s fine…
But for my money and yours, I want you to get better at this. You absolutely have to learn from days like yesterday.