McCullough: Keep Emotion Out of Your Portfolio

Don’t let your emotions mess with your portfolio.
In this clip from The Macro Show, Hedgeye CEO Keith McCullough reminds investors to:
Stay calm
Stick with the process
Take advantage of buying opportunities
Case in point, we’re bullish on long-term bonds.
Question: When the 10-year Treasury yield hit a 7-year high in early October, did you freak out and sell bonds?
“When the 10-year was at 3.23%, what did a lot of you feel about being long bonds? You didn’t like it, you were coming at me pretty good, and I appreciate that,” McCullough explains to viewers in the clip above.
“But I didn’t capitulate, I didn’t take your feelings and superimpose them onto my model. I just bought bonds and then I sold some at 3.06 on the 10-year.”
“It’s not about feeling. It’s about measuring and mapping where we are.”
Watch the full clip above for more.