McCullough: U.S. GDP Is Going Toward Zero

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Early Look: https://info.hedgeye.com/l/764243/2021-09-13/jj9wml The key to successful investing is not about nailing every single market move. It’s about seeing the bigger picture and navigating that trend – bullish or bearish. “The most important thing in the Hedgeye process isn’t to get every single number right down to the decimal point. It’s to get the direction right, the rate of change right,” explains Keith McCullough in this clip from The Macro Show. “GDP went from 12% to 6% to 2%, and now it’s below 2% going toward 0%. That’s getting the rate of change right.” In the past two months alone, we’ve been criticized for our bearish calls on Tesla (TSLA) and Oil. The Tesla and Oil bulls were decimated recently as both rolled over. Our risk management process is designed to be go-anywhere and enable investors to get edge on assets as wide ranging as Tesla, Oil and Treasury bonds. That’s the whole point. “Whether you’re getting the rates of change right in growth or inflation, that is the critical mission here,” McCullough adds. “That’s how you win the championship.”

Subscribe to other Hedgeye Products Here:
The Macro Show: https://info.hedgeye.com/l/764243/2021-02-26/dcysv1
Risk Ranges: https://info.hedgeye.com/l/764243/2021-09-13/jj9wm2
Early Look: https://info.hedgeye.com/l/764243/2021-09-13/jj9wml The key to successful investing is not about nailing every single market move. It’s about seeing the bigger picture and navigating that trend – bullish or bearish. “The most important thing in the Hedgeye process isn’t to get every single number right down to the decimal point. It’s to get the direction right, the rate of change right,” explains Keith McCullough in this clip from The Macro Show. “GDP went from 12% to 6% to 2%, and now it’s below 2% going toward 0%. That’s getting the rate of change right.” In the past two months alone, we’ve been criticized for our bearish calls on Tesla (TSLA) and Oil. The Tesla and Oil bulls were decimated recently as both rolled over. Our risk management process is designed to be go-anywhere and enable investors to get edge on assets as wide ranging as Tesla, Oil and Treasury bonds. That’s the whole point. “Whether you’re getting the rates of change right in growth or inflation, that is the critical mission here,” McCullough adds. “That’s how you win the championship.”

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