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Hedgeye Risk Management | ‘Fake News Jobs’: McCullough Discusses Massive Jobs Report Revision

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Hedgeye Risk Management | ‘Fake News Jobs’: McCullough Discusses Massive Jobs Report Revision

In this morning’s edition of The Macro Show, Hedgeye CEO Keith McCullough answered a subscriber’s question regarding the recent massive 818,000 job revision in the BLS labor report which showed US job growth has been far weaker than initially reported. In particular—its implications for the Quad outlook.

When asked whether the revision would alter our Quad outlook, McCullough said, “Yeah, it’s Quad 4—it makes the Quad 4 deeper.”

“I don’t have to be that guy who’s got to get NVDA right. I have to get the rate of change of the economy right. If I didn’t have that right I wouldn’t have Bonds right, Gold right, Utilities right, REITs right. Those are huge positions for me.”

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