McCullough: Buy the Damn Dip In The Dollar

In this brief clip from The Macro Show, Hedgeye CEO Keith McCullough discusses our Macro team’s top asset allocation in #Quad4—the U.S. Dollar.

“The dollar was up 6 of the last 7 weeks, it’s up 13% YTD, it’s our top asset allocation, we’re gonna buy the damn dip in it this morning,” explains McCullough.

“No, you’re not gonna have anxiety with that. You’re going to short things that are inversely correlated against it which includes commodities.”

[rchicks]

Hedgeye basically tries everyday to join big schools of fish, and swim with them. They don’t care if the school is swimming towards sunny waters or sharks as they’re confident they’ll find another school to swim with before the destination is reached. I guess it works for them, but it’s kind of a dreary, rudderless process if you ask me.

[nslcap]

Basically be a bear but not a weak hand

[missj.]

Is there a dip in the dollar? Ok, a small dip. Thank you for this video, it is useful.