Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Another way you can bet on NOT #Quad4 is to short Treasuries and BUY Junk Bonds (JNK):
And… I was buying Treasuries (across the curve) and shorting Junk (JNK) all week long. Maybe I’m crazy, executing on the process and all, but I think this consensus net SHORT position of -422,712 contracts (futures & options) in 5yr Treasuries is crazier.
Crazy is as crazy does though. In the words of the most tremendous Pumper of stocks in US history, “believe me”, I get it!
This isn’t the first time I’ve been “early” calling for a #Quad4 (i.e. with consensus Wall Street positioning completely on the other side of me) and it certainly won’t be the last.