Editorial Representation of Keith McCullough
EDITORIAL REPRESENTATION

QUAD REGIME · FUNNEL

Keith McCullough

As of 28 September 2026, Keith McCullough holds 20 current views on Headge, 8 Bullish, 12 Bearish. The latest is Bearish on GS over 1 Week. Every view links to the original post or video.

Hedgeye. Growth/inflation Quads, risk ranges, high-frequency cross-asset regime calls. Public direction, paid levels.

VIEWS 27
LAST PUBLISHED 6H AGO

Catch-Up

Generated 08:00 ET

The macro frame remains higher growth, firmer inflation and rising rates: that supports the dollar and oil while keeping pressure on Treasuries, gold and silver. Equity views are selective rather than broad-based, favoring strength in $MSFT, $PLTR, $INTC and $DT while flagging banks, utilities, restaurants and Qatar equities as vulnerable. There is a notable horizon split in $BYND, with a long-term holding alongside a short-term bearish thesis.

At Generation 15 Bullish · 0 Neutral · 12 Bearish
Mix By Horizon
1 Week
1 Month
1 Year
Flipped
TLT
BULLISH → BEARISH
US bonds sold off during another Quad 2 week, with rising rates marking a sharp bond-market decline for diversified portfolios. Week
USO
BEARISH → BULLISH
Oil was bought heavily on sale last week, reiterating a constructive near-term view despite the recent price pullback. Week
New Views
GLD
BEARISH
Gold fell during another Quad 2 week, alongside a stronger dollar and higher US interest rates amid the bond-market selloff. Week
DXY
BULLISH
The dollar rose during another Quad 2 week, while the bond-market selloff pushed rates higher and gold lower. Week
SLV
BEARISH
Silver was already signaling bearish TRADE and TREND conditions, pointing to continued downside pressure over the near term. Week
Held
MSFT
BULLISH
$MSFT has become a Signal Strength Stocks winner after an earlier short position this year, reflecting a pivot to a constructive stance. Month
BBY
BULLISH
$BBY is presented as a buy-the-dip idea for the morning, indicating a tactical expectation for shares to rebound. Week
BTC
BULLISH
Bitcoin was accumulated after yesterday’s decline, signaling a tactical constructive stance toward prices following the red trading session. Week
QAT
BEARISH
$QAT continues falling to new cycle lows, indicating a persistent near-term bearish trend in Qatar equities following sustained weakness. Week
PLTR
BULLISH
$PLTR remains a long-standing position with a constructive outlook, reflecting continued conviction rather than a newly initiated directional call on the shares. Year
INTC
BULLISH
$INTC continues to signal a bullish trend, supporting a constructive near-term directional outlook for the shares as the positive trend remains intact. Week
CLOX
BULLISH
$CLOX is outperforming $TLT and has been crushing it, offering hedged retirement accounts a stronger fixed-income holding than Treasuries. Week
JMKE
BEARISH
$JMKE continues to decline sharply, extending the downside after Old Wall Bankers sold the stock to retail investors. Week
DIN
BEARISH
$DIN remains a short position within a reiterated group of restaurant shorts, reflecting a continued bearish view rather than a fresh call. Month
USO
BULLISH
Brent oil remains a long-standing position rather than a fresh call, as the broader energy bull market continues to strengthen. Year
LABOR
HIGHER
US job gains accelerated in September as business growth surged to its fastest pace in more than five years. Month
Growth
HIGHER
US business growth surged to its fastest pace in more than five years, while job gains accelerated in September. Month
Inflation
HIGHER
US price pressures intensified in September amid a spike in costs despite accelerating business growth and job gains. Month
PLTR
BULLISH
$PLTR remains a top signal-strength stock pick, maintaining an existing constructive position rather than presenting a fresh call. Month
MCD
BEARISH
$MCD has generated another significant sell signal in Real-Time Alerts, signaling a strongly bearish near-term trading setup for the stock. Week
AI
BEARISH
AI faces negative pricing power, likely undermining the sector’s economics and reducing the durability of returns from artificial-intelligence investment. Year
TLT
BEARISH
Long-duration Treasury prices face pressure as accelerating growth and inflation drive interest rates higher and flatten the yield curve. Month
XLF
BEARISH
$XLF faces sharp downside as accelerating growth and inflation push rates higher and flatten the Treasury yield curve materially. Month
BYND
BULLISH
$BYND remains a long-standing position rather than a fresh call, with ownership intended for the long term after its prior promotional surge. Year
BYND
BEARISH
$BYND remains a short-term short thesis, with the position increased alongside the community last week rather than representing a fresh call. Week
DT
BULLISH
$DT is making new highs within a long position, signaling continued near-term upside rather than a fresh call. Week
XLU
BEARISH
$XLU remains a short as utilities crash to new Quad 2 cycle lows, reinforcing a bearish tactical outlook for the sector. Week
Gone
DXY
BULLISH
Dollar rises in Quad 2 alongside higher rates, reinforcing a bullish directional regime call over the coming weeks. Month
MU
BULLISH
$MU remains a long-standing long position versus $JPM within Quad 2, maintained as a relative directional positioning thesis rather than a fresh call. Month
JPM
BEARISH
$JPM remains a long-standing short position versus $MU within Quad 2, maintained as a relative directional positioning thesis rather than a fresh call. Month
BLOK
BULLISH
$BLOK is moving vertically higher alongside bond yields as part of the Quad 2 breakout group in recent trading. Week
ETHA
BULLISH
$ETHA is moving vertically higher alongside bond yields as part of the Quad 2 breakout group in recent trading. Week
IBIT
BULLISH
$IBIT is moving vertically higher alongside bond yields as part of the Quad 2 breakout group in recent trading. Week
MSOS
BULLISH
$MSOS is breaking out in Quad 2 after gaining 7.9% yesterday, with hedge funds positioned too lightly for the move. Week
SHY
BEARISH
UST 2-year yields have broken out to new Quad 2 cycle highs, signaling continued pressure on short-duration Treasury prices. Week
UNG
BULLISH
Natural gas is rising 2% and remains in a bullish TREND regime as another short-term TREND test approaches. Week
XLE
BULLISH
Energy stocks have re-entered the portfolio after a fresh accumulation, creating a tactical constructive stance despite uncertainty over how the trade develops. Week
TRLV
BULLISH
$TRLV and cannabis tickers are ramping sharply, while broad market participation has yet to recognize the strength of the move. Week
TWLO
BULLISH
$TWLO is a key software infrastructure layer for AI agentic communications across voice, messaging, and email, supporting a long-standing bullish position rather than a fresh call. Year
MU
BULLISH
$MU has confirmed a bullish trend-breakout signal today, pointing to continued near-term upside momentum as the breakout remains technically validated. Week
SHY
BEARISH
Two-year Treasury yields are signaling higher lows and higher highs, indicating continued downside for short-duration Treasury prices amid the current macro regime. Month
Positioning & Vol
BEARISH
Stocks show 49 longs versus 86 shorts in the Quantamental signal-strength model, indicating bearish positioning in the near-term equity tape. Week
BAC
BEARISH
$BAC is getting bombed in the near term, reinforcing a long-standing short position rather than a fresh call. Week

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Sentiment Graph

Last 30 Days
Today
SENTIMENT GRAPH

Current Views

ANALYSTDIRECTIONTOPICSUMMARYHORIZONFRESH
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BEARISH Moderate
GS
$GS has reached new Quad 2 lows, signaling near-term downside momentum and a deteriorating technical trend for the shares. DIRECTION ONLY
Week 6h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BEARISH Strong
XLY
Consumer discretionary $XLY has reached new Quad 2 cycle lows, maintaining a tactical short view for the near term. DIRECTION ONLY
Week 6h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BULLISH Moderate
CLOX
$CLOX fixed-income exposure is preferred over long US Treasuries in traditional 60/40 portfolios, reflecting a constructive relative positioning view. DIRECTION ONLY
Month 6h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BEARISH Strong
TLT
Long-end Treasuries continue falling to new Quad 2 cycle lows, reinforcing a top macro short position in duration. DIRECTION ONLY $TLT
Week 6h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BEARISH Strong
TLT
Rates are rising as the Quad 2 setup combines dollar strength with declining gold prices across global markets. DIRECTION ONLY $TLT
Week 9h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BULLISH Strong
DXY
Dollar is rising as the Quad 2 setup features higher rates and declining gold prices across global markets. DIRECTION ONLY $DXY$UUP
Week 9h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BEARISH Strong
GLD
Gold is declining as the Quad 2 setup combines dollar strength with higher rates and weaker precious metals pricing globally. DIRECTION ONLY $GLD
Week 9h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BEARISH Strong
GLD
Gold faces sell-season liquidation over the next several weeks, with broad market liquidation adding to recent downside pressure. DIRECTION ONLY $GLD
Week 10h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BEARISH Strong
TLT
US bonds sold off during another Quad 2 week, with rising rates marking a sharp bond-market decline for diversified portfolios. DIRECTION ONLY $TLT
Week 14h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BEARISH Moderate
GLD
Gold fell during another Quad 2 week, alongside a stronger dollar and higher US interest rates amid the bond-market selloff. DIRECTION ONLY $GLD
Week 14h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BULLISH Moderate
DXY
The dollar rose during another Quad 2 week, while the bond-market selloff pushed rates higher and gold lower. DIRECTION ONLY $DXY$UUP
Week 14h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BEARISH Strong
TLT
Long-end Treasury yields are still rising rather than finished moving higher, consistent with the Inflation Nowcast and Signals framework. DIRECTION ONLY $TLT
Week 15h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BEARISH Strong
SLV
Silver was already signaling bearish TRADE and TREND conditions, pointing to continued downside pressure over the near term. DIRECTION ONLY $SLV
Week 15h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BEARISH Strong
GLD
Gold has broken down to a bearish TREND signal after earlier indications that the probability of a decline was rising. DIRECTION ONLY $GLD
Week 15h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BULLISH Strong
USO
Oil was bought heavily on sale last week, reiterating a constructive near-term view despite the recent price pullback. DIRECTION ONLY $USO
Week 15h
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BULLISH Moderate
MSFT
$MSFT has become a Signal Strength Stocks winner after an earlier short position this year, reflecting a pivot to a constructive stance. DIRECTION ONLY
Month 3d
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BULLISH Moderate
BBY
$BBY is presented as a buy-the-dip idea for the morning, indicating a tactical expectation for shares to rebound. DIRECTION ONLY
Week 3d
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BULLISH Moderate
TLT
Treasury bond $TLT shorts signaled an immediate-term trade oversold condition yesterday, supporting a near-term bounce in long-duration Treasury prices. DIRECTION ONLY
Week 3d
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BULLISH Moderate
BTC
Bitcoin was accumulated after yesterday’s decline, signaling a tactical constructive stance toward prices following the red trading session. DIRECTION ONLY $BTC$BITO
Week 3d
Editorial Representation of Keith McCullough Keith McCullough QUAD REGIME · FUNNEL
BEARISH Moderate
USO
Brent crude is correcting 1.4% after a prior partial-sale signal, reinforcing a near-term bearish trading stance for oil. DIRECTION ONLY $USO
Week 3d

Wordcloud

PositionCallGrowthRatesConstructiveFreshOilPLTRBearishBusinessGainsJobNear-TermBYNDContinuedContinuesDollarGoldPriceQuadShortSignalingAcceleratingBBYBitcoinBond-MarketBrentDeclineDINDownsideDuringINTCJMKEMarketMCDMSFTOutlookQatar

Direction By Day

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JMKE·······▼▼▼▼▼▼▼
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MU········▲▲▲▲▲·
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PLTR·······▲▲▲▲▲▲▲
Positioning & Vol▲·▼▲▲▲▲▲▼▼▼▼▼·
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TRLV········▲▲▲▲▲·
TWLO········▲▲▲▲▲·
TXG▲▲▲▲▲▲▲▲▲▲▲▲··
UNG········▲▲▲▲▲·
USO▲▲▲▲▲▲▲▼▲▲▼▼▼▲
XLE········▲▲▲▲▲·
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Sentiment Heatmap

15 SEP16 SEP17 SEP18 SEP19 SEP20 SEP21 SEP22 SEP23 SEP24 SEP25 SEP26 SEP27 SEP28 SEP
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BLOK········▲▲▲▲▲·
BTC▲▲▲▲▲▲▲▲▲▲▲▲▲▲
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CLOX··········▲▲▲▲
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EAT···▲▲▲▲▲······
ETHA····▲▲▲▲▲▲▲▲▲·
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GLD·······▼▼▼▼▼·▼
GOOGL·▼▼▼▼▼········
Growth·····▼▼▼▼▲▲▲▲▲
IBIT········▲▲▲▲▲·
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Inflation▲▲▲▲▲▲▲▲▲▲▲▲▲▲
INTC··········▲▲▲▲
IWM▼▼▼▼▼▼▼▼▼▼▼···
JMKE·······▼▼▼▼▼▼▼
JPM········▼▼▼▼▼·
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MCD·········▼▼▼▼▼
META·······▲▲▲▲▲··
MSFT···········▲▲▲
MSOS········▲▲▲▲▲·
MU········▲▲▲▲▲·
NVDA·······▲▲▲▲▲··
PBD▼▼▼▼▼·········
PLTR·······▲▲▲▲▲▲▲
Positioning & Vol▲·▼▲▲▲▲▲▼▼▼▼▼·
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QAT·▼▼▼▼▼····▼▼▼▼
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RSI·▼▼▼▼▼········
RVLV···▼▼▼▼▼······
SHY······▼▼▼▼▼▼▼·
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TLT▼▲▲▲▼▼▼▼▼▼▲▲▲▼
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TWLO········▲▲▲▲▲·
TXG▲▲▲▲▲▲▲▲▲▲▲▲··
UNG········▲▲▲▲▲·
USO▲▲▲▲▲▲▲▼▲▲▼▼▼▲
XLE········▲▲▲▲▲·
XLF·······▼▼▼▼▼▼▼
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XLU·▼▼▼▼▼·▼▼▼▼▼▼▼
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