''Oh, the FOMO!
Everyone and their mother is on CNBC right now running around like chickens with their heads cut off shouting, "Buy stocks! China this! Jay Powell that!"
We have some free advice for you.
Ignore them.
Ignore the headlines.
Take a deep breath and follow the process.
Here’s a reality check: If you define stocks by the S&P 500, you would know that in the last year, the S&P 500 has essentially done nothing. It’s up around 3%. Not too shabby, but nothing to write home about either.
However, if you define stocks as the Russell, it’s down -12% in the past year. That's a disaster right there.
Clearly, with volume down significantly versus their averages, many investors don't believe this rally to lower highs.
Meanwhile… nobody wants to talk about Gold (GLD).
We do.
Gold is up +25% in the past year. Our Macro team’s proprietary research process proactively predicted this epic move. We call this #FullCycleInvesting. It’s the same process which highlighted the epic move in Treasuries before it occurred.
Yes, we are actually different here at Hedgeye. And we are proud of that.
Stick with the process.
[REAL-TIME MACRO]: Key Takeaways on Today's Jobs Report
[ETF IDEAS]: ETF PRO PLUS - September Edition
[MACRO WEBCAST]: The Macro Show: September 5th
[MACRO INSIGHT]: Early Look - "Risk In Plaint Sight"
[RISK MANAGEMENT LEVELS]: Risk Ranges - September 6th
Happy reading and have a great weekend!
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