In this morning’s edition of The Macro Show, Hedgeye CEO Keith McCullough describes why long/short hedge funds short broad-based indices to remain market neutral (and how it affects financial markets).

“Every man, woman, and child who’s tasked with being ‘neutral’ is sh*t-scared of shorting stocks, so they all short the same index,” explains McCullough, as he maps out current consensus positioning on Wall Street.

McCullough: Why Hedge Funds Short Indices - market brief