The tweet was deleted by the author.
But we saved everything 🙂.
Keith McCullough, founder and CEO at Hedgeye Risk Management, reported a strong performance for his group's retirement asset allocations, with most showing gains. He also highlighted that their long position in REITs, represented by XLRE, had a particularly strong week, contrasting with the weaker results seen in consensus portfolios, which his team is currently shorting through XLK.
McCullough contrasted these positive results with losses often experienced by investors following the crowd, suggesting there are more effective strategies available.
McCullough has previously criticized financial engineering as a major scam, claiming that CNBC played a key supporting role in its rise, according to a past statement. He has also highlighted heavy trading and losses in leveraged ETFs, noting more than 585 million shares exchanged hands in a single session as documented in a previous report. These earlier observations frame his ongoing critique of consensus-driven investment strategies.