Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
In addition to the wine point I made with Saylor yesterday (that drove hornets who still overpay for belly wash at the store nuts), I went back to the wood and bought myself some Cattle & Pigs (COW) yesterday too.
Why? Same reason why I’d buy any Commodity or Asset that’s on sale during #Quad3:
A) It was on sale
There’s no need to grumble and complain about any of this. Life’s too short not to rejoice about being flexible of mind and Macro Aware. There are so many places to save & make money. My macro God gives me tremendous “conviction” in the poetry of it too.
As Whitcomb Riley reminded us in an age where hard work beat sitting on your hands hodling and hoping, “continuous, unflagging effort, persistence and determination will win. Let not the man be discouraged who has these.”