Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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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. |
