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.

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