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McCullough: Steer Clear Of 50-Day Moving Monkey Crap
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In this clip from The Macro Show this morning, Hedgeye CEO Keith McCullough and Director of Research Daryl Jones discuss a subscriber’s observation that BofA’s Chief Investment Strategist Michael Hartnett turned “tactically bullish” and is expecting a big market bounce.
“You know why Hartnett went bullish?” McCullough explains. “Because the S&P 500 got above the 50-day moving monkey.”
“Talking heads have talking points,” he adds. “This is not my first rodeo. And no, I don’t give two $#@! what Michael Hartnett thinks.”
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McCullough: Steer Clear Of 50-Day Moving Monkey Crap
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