Fade Old Wall Narratives → Stick With #Quad4

On The Macro Show, Hedgeye CEO Keith McCullough discusses the “bloody red mess” that is commodities in this #Quad4 environment, and how the #OldWall narrative, yet again, misses the mark.

“I’ve said that I would short every single commodity when it’s at the top end of the range,” says McCullough. “The softs are not softening anymore, they’re crashing. There are so many places you can be making money here on the short side.”

#OldWall Street can’t make up their minds and are late to the game in focusing on the inflation narrative. “The story from here is #RecessionRisk rising, yield curve inversion, earnings collapsing, and Elon lying about it.”

[pistolpete]

Just started following your page - love it! I like that you present DATA with a "no spin" interpretation based on experience. WMT uncharacteristic update is a sign that all is not well in retail. Keep up the great work!

[christoterzidis]

You are the best Keith - no other way to put it.

[Derideo]

Have to replace a 60yr old fence, so let lumber come down even more please.

[dylanmacdonald]

Thanks for the great info. I've recently listened to some Old Wall commentary on stagflation. When do you think we will transition from Quad 4 to Quad 3? What signals can we look out for?

[pauloalex]

Can't be easy growing up in Thunder Bay 😳

[paulwhite]

I'd like to subscribe again.. but Keith blocked me on twitter last time I subscribed because him and milkshake man was arguing over twitter whilst I was to a family dinner so asked him to please stop as my tlf. Was going mad whilst we ate. He blocked me... made me feel I was losing a part of my subscription so didn't renew