Below is a brief excerpt transcribed from Wednesday's edition of The Macro Show hosted by CEO Keith McCullough and Director of Research Daryl Jones.

McCullough: Big Hedge Fund Degrossing → Don't Panic, Take Advantage - tms1

Yesterday was day 2 of one of the most epic ramps in volume I’ve ever seen.

You had a degrossing of hedge fund long books, which means they took down their gross exposure. And another thing was a big drawdown (aka performance). This was one of the biggest degrossing + drawdown days, going back the last year or two.

McCullough: Big Hedge Fund Degrossing → Don't Panic, Take Advantage - tms2

That’s actually bullish in a bull market. You can see it was up 14% day-over-day, and up 76% vs. the 1-month average (which don’t forget, includes the election and the New Year, so a lot of volume).

McCullough: Big Hedge Fund Degrossing → Don't Panic, Take Advantage - tms3

The point of the matter is, there are problems out there. Not my problem, but their problem.

And that’s a big thing you want to take advantage of; don’t hyperventilate or have a panic attack.