McCullough: Don't Be Perma-Anything

09/21/20 03:35PM EDT

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

McCullough: Don't Be Perma-Anything - 9 21 2020 2 35 34 PM

Oil is down -2.4% this morning. It should be down a lot more than that. We have immediate term downside on WTI closer to $35 a barrel.

That goes to show the objective and flexible nature of our model.

https://twitter.com/KeithMcCullough/status/1307972034450853890

You can also see that in Natural Gas today on the chart below. This morning it goes from bullish trend to bearish trend in a New York minute.  

You need to remember ... who gets you out of this? We got out of this. And we realize there is a huge difference in commodities between Quad 3 and 4. In Quad 4, they are shorts. In Quad 3 they are longs.

Most people are painted as permabulls for Gold, Bitcoin, or “STAKHS.” At Hedgeye we aren’t perma-anything, other than permanently helping you risk manage your portfolio.

McCullough: Don't Be Perma-Anything - 9 21 2020 2 22 08 PM

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