In this clip from today’s edition of The Macro Show, Hedgeye CEO Keith McCullough breaks down Bill Hwang’s family office getting blown out of the water, what that means for Financials stocks, and why he still likes $GS.
“I like Goldman because I like the Financials, and I don’t think I am going to sit there and trade it like ‘Johnny Macro Tourist’ who is reading things saying this is bad for Goldman Sachs,” details McCullough, as he explains how Goldman is the way to play the long side.
“Obviously as soon as this is cleaned up, the market is going to go up. That’s the thing when someone gets a margin call. Once the block is clear then, then the bottom is in. That’s partly why the S&P ripped into the close on Friday.”
