Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Since we already use objective, data-driven, and stochastic ROC (rate of change) models, I’m comfortable being uncomfortable about not having to “know” what the next answer to the alpha-test is… That leaves my main challenge the same one that you all have – to be able to repeatedly fade my “feelings.” Let’s take a live example like yesterday’s US stock market “correction” (or down day from the prior all-time high day) to work with our amygdala’s impact on our thinking for a bit: A) Stocks (SPY, NASDAQ, Russell, etc.) opened higher, at fresh intraday all-time highs… then What did you “feel” at the highs and lows of the day? More importantly, what did you do? |