Hedgeye CEO Keith McCullough on Stagflation, Bitcoin and the Devalued Dollar

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Robinhood doubles quarterly trading revenue</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Square did $875 billion in</span> <a href= "https://qa.coindesk.com/price/bitcoin"><span style= "font-weight: 400;">bitcoin</span></a> <span style= "font-weight: 400;">revenue in Q2 - up 600% YoY</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">ADP report: 167,000 jobs added in July (instead of expected 1.2 million) </span></li> </ul> <p><span style="font-weight: 400;">Our main conversation is with Hedgeye CEO Keith McCullough. </span></p> <p><span style="font-weight: 400;">Before building Hedgeye into a “no-excuses provider of real-time investment research and a premier online financial media company,” Keith worked at hedge funds including Carlyle Blue Wave Partners hedge fund, Magnetar Capital, Falconhenge Partners and Dawson Herman Capital Management.</span></p> <p><span style="font-weight: 400;">In this conversation, he and NLW discuss:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Hedgeye’s “Full Cycle Investing” approach and GIP (Growth, Inflation, Policy) methodology </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How the economy was in a period of slowing growth and slowing inflation before COVID-19</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How we’ve moved into a stagflation period in response to the money printing prompted by the crisis</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why bitcoin, gold, emerging market stocks and commodities are likely to thrive in this environment </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why most narratives are BS </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the “Old Wall” media distracts rather than educates</span>