Thank you to @KeithMcCullough @Mike_Taylor1972 @farrmacro for sharing some intense wisdom and reviewing the current macro setup with @Hedgeye

nation so that we can all come out of these upcoming #Quad4s with capital preserved ready to deploy. #WeeklyNotebookReview

We reviewed a number of great subjects on this week's #WeeklyNotebookReview:   

1) A phase transitioning process within Chinese equities has begun, but patience is a virtue especially when it comes to assets with higher volatility 

2) Many US equity prices need to "reset" from June 8th and to watch the 10 day price momentum  

3) Dividend ETFs have outperformed $SPX on a relative basis YTD, but a basket approach of underlying individual securities has become my preferred way to express this exposure 

4) $HYG + $JNK remain key underlying short positions 

5) Keep track of the Risk Ranges on both a trade & trend basis, as the lower + upper bounds will help guide entries/exists 

6) Assets starting to move up our list from both a signal & exposure standpoint.   

See you next week!   

If you find value in my Spaces & content, I'm humbly sharing a way for listeners to support my efforts - https://www.buymeacoffee.com/McGroartyRobert

We reviewed some interesting discrepancies in merger arbitrage opportunities, the continued strength in the US Dollar, the changing & difficult Municipal Bond complex, the impact on Volatility with options rolling off this week, the improving Chinese equity markets due to a better economic outlook on the horizon, as well as much much more. 

Thanks to Mike Taylor & Nancy Davis for lending their insights and Hedgeye Nation for contributing to another great #WeeklyNotebookReview session!  

If you find value in my Spaces & content, I'm humbly sharing a way for listeners to support my efforts - https://www.buymeacoffee.com/McGroartyRobert.

Phenomenal one-on-one conversation with Nancy Davis, @nancy__davis, this morning reviewing the inverted Yield Curve (10s - 2s), the 2 types of Fixed Income risks (rate + credit), her favorite derivative (long-only options w/positive convexity), the differences/similarities between $IVOL & $BNDD and much much more — Thank you for the education, Nancy!  

If you'd like to learn more about the funds Nancy manages, please visit  Quadratic Capital - https://quadraticllc.com/ - where you'll be able to find the Fact Sheets for both $IVOL & $BNDD as well as the whitepaper(s) Nancy mentioned during our conversation.   

If you find value in my Spaces & content, I'm humbly sharing a way for listeners to support my efforts - https://www.buymeacoffee.com/McGroartyRobert.

Chris and I review the importance of position sizing & timing when making an investment decision. We discuss when to take a position to Min, Mid & Max size (specifically we review the recent moves in $XLU + $GLD). Plus, when you execute well, it knocks down the dominos to maintain the momentum to find something, somewhere globally that's either at the top or bottom end of the risk range to either buy or short. Patience should remain a key aspect of your investment management process.   

Chris mentioned a couple podcasts that he incorporates into his routine that helps provide a "different" view point to our more momentum focused investing strategy. Please find the links below to those podcasts:   

Chris and I review the basics(ish) of combining different components of the @Hedgeye tools and the manner in which we leverage them to make a decision. We dive into the benefit of combining Trend risk ranges from #ETFPro with the daily #RiskRanges to get a better assessment of where price stands on a trade and trend basis. We discuss the evolution of our routines over time, leveraging #HedgeyeUniversity, watching/reading "old" content, the importance of position sizing and our passion for @Hedgeye.

Chris and I sat down with Rivett (@BatonRougeBorn on Twitter - https://twitter.com/BatonRougeBorn) to discuss key aspects of HIS process which he's learned over the last few years from a couple of great traders as well as mistakes trading money.    

If interested in diving deeper into Rivett's decision making process, leave a comment and we'll bring him back on for a follow-up.

Chris and I review starting our Hedgeye investing journey and areas in which we could have improved as well as actions we still do to this day. I review some key websites, watchlists and items that impact my daily Hedgeye process, specifically surrounding making investment decisions as well as managing the information in my notebook. There are 3 things I'll always do - 1) Write down the Risk Ranges 2) Read the Early Look 3) Watch The Macro Show.   Please find some of the websites discussed below!   

Chris and I review the influence of trailing price momentum on our decision making within the @Hedgeye process. Chris dives deeper into the way he incorporates both 15, 20 & 30 day price windows as well as the impact the recent high within the window has on potential future price action. We also discuss the importance of tracking flow (specifically GEX levels + volume) especially when most volume stems from a combination of algos & systematic investing strategies. Hope you enjoy!!  

Please find some additional content from Chris expanding on the subject matter discussed:

I sat down with Dibsey (@Dibathan) to learn more about the importance of being Macro aware when making both short & long-term investment decisions within one's personal portfolio as well as within a Family Office environment. We review how the data driven approach to Global Macro from @Hedgeye removes the emotion, expands the breadth of markets to invest and guides portfolio allocation across asset classes.