Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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Some Hedgies who run Macro Long/Short need Asset Allocation and Sector Style Ideas. We create and sell those as a service too: A) #Quad3 = Long REITS (XLRE) +1.3% yesterday Cool. The best part about that long/short pair is that if the probability continues to rise that the US economy goes from #Quad3 to #Quad4 in Q4, you just stay short the Financials (XLF) and Long Gold, REITS, etc. - no changes needed to those parts of the portfolio. This Hedgie sometimes runs net neutral, sometimes really net long, and sometimes really net short. It took me 20 years and counting to build a Go-Anywhere Macro (Asset Classes, Sectors, etc.) to Micro (Stahks!) long/short strategy that A) preserves & protects my hard earned capital and B) allows others to build/run their own hedge funds alongside me. While others are just smarter than I’ll ever be and can do everything we do with far fewer people and less transparency, that is of no concern to my vision of Hedgeye’s future. As we work alongside our subscribers and challenge one another, we generate more ideas, faster. My sincere thank you to all of you who get it and are part of our Creative Growth Accelerating team. |
