Below is a brief excerpt transcribed from Thursday's edition of The Macro Show hosted by CEO Keith McCullough and Director of Research Daryl Jones.
We're focusing on one of the Three Horseman today (we have three horseman here at Hedgeye – the Growth accelerating, the Inflation accelerating, and number 3, we have the Profits accelerating).
New cycle highs in earnings this morning!
Why isn’t that making headline news?
Meanwhile the media is talking about Trump, GameStop, this or that. Why don’t we just talk about the mainline of what’s going on?
The market’s got it right, it’s the gravity that got ‘em.
The big acceleration now, and you can see it on the Bongo Board (I don’t think I’ll be getting any whining about this today) is the acceleration in Energy (XLE) earnings.
Yesterday, yeah it was a down day for SPY (an epic -0.03% decline) and Energy was up +1.9%. WELL DONE for those of you who bought at the low end of the range.
You’re the winners, not the whiners.