Hedgeye Recensioni 159

Good service & responses.
Excellent information, even if I've more a mid-term kinda guy. I personally don't have rapid-fire trading within my scope, time nor abilities, but their guidance is invaluable.

I am a Hedgeye macro show subscriber for over 4 years. Hedgeye’s process is second to none. You need to learn it and fit it to your investing timeline. It’s truly a game changer. If you are lazy and want stock picks on a plate go elsewhere it’s not going to be for you. Very happy customer

Take advantage of a great team and process! I am up 5X since starting in 2021. The biggest thing I have learned is get out and minimize losses.

I've been a subscriber starting my second year now and I find that following the process, your own way, but using the Hedgeye process as the guiding principal, has really helped me think different about my portfolio and managing my entry/exit points.

I have my own ranges I've developed, but based on the Hedgeye process with my own twists, but the process serves as a LARGE inspiration for what I'm building for myself to take some of the manual work out of my own processes to help me make less decision-making about risk management myself and leave more of it up to rules and software to manage those rules.

Hedgeye produces the highest quality institutional research and makes it affordable and useful for the individual investor.

The honest analysis and willingness to own mistakes. I'm a Business/Data Analyst by trade and appreciate data driving process and detest narratives. Hedgeye sub over 10 years.

I’m intrigued by the many people whose investment results have been improved with Hedgeye. I’ve been a Hedgeye user for ten years and have always been enthusiastic about their values, people, and process. The cold hard fact is that I have not been able to parlay their investment recommendations into investment success. There are glaring discrepancies between the presentation and the product.
Hedgeye emphasizes not letting small losses turn into larger losses. But: 1) for 157 closed trades in Signal Strength from Feb-Sept 2024, 23% had losses from 10-33%; 2) for 142 closed trades in Top Stock Picks Mar-Sept, 22% had losses from 10-36%; 3) for 139 closed trades in Investing Ideas from 2020 to May 2024, 23% had losses from 10-94%; 4) even in ETF Pro, where beta is significantly less, 7.5% of 226 closed equity trades July, 2018-Sept 2024 had losses of 10-31%. Hedgeye’s risk management system is not a magic bullet that limits losses to a few percent.
Keith is fond of asking, “Who gets you out?” after exiting a position that subsequently goes south. In ETF Pro, July 2018-Sept 2024, of 300+ closed trades, post-sale, 53% were actually higher 1 month later, 52% were higher 3 months later, and 51% were higher 6 months later. Whatever sophisticated process led to the sell decisions, you were as likely to avoid gains as you were to avoid losses.
For all that Hedgeye talks about being data-driven, measuring and mapping everything – and their data presentation is indeed impressive – I am confident they don’t measure and map the results of their own products (except MacroPro, with a meaningless win/loss percentage). In trying to understand my sub-par investment results, largely informed by ETF Pro and Investing Ideas, I did some grinding and present the data here.
For ETF Pro, the presentation: "This monthly macro strategy update is designed to select 10 to 20 essential ETF exposures within each of the seven major asset classes to keep you and your clients ahead of the next big market move." The data for long-only trades, July 2018 to early Sept 2024:
• Equities: 225 closed trades, 30% had positive returns, -0.86% average return
• Commodities: 56 closed trades, 32% positive returns, -0.48% average return
• Bonds: 53 closed trades, 30% positive returns, 0.50% average return (-1.74% since 2020)
• Currencies: 25 closed trades, 38% positive returns, 0.86% average return (-0.33% ex-gold)
• Alts: 9 closed trades, 0% positive returns, -4.73% average return
• Average hold time for all trades: 9.6 weeks; 46% were held 4 weeks or less.
If the equity trades had been invested in SPY, 58% would have been positive with a 2.18% average return (ETF Pro equity trades underperformed SPY by 300 basis points, and almost 70% of them were losers!). In each of those cases, post-sale, SPY would have been higher 1 month later 65% of the time, higher 3 months later 79% of the time, and higher 6 months later 80% of the time.
For Investing Ideas, the presentation: “. . . tailor-made for the thoughtful investor with a longer-term investment horizon seeking high-conviction opportunities they can keep in their portfolio for many months - in some instances, years to come. In a nutshell, Hedgeye CEO Keith McCullough handpicks the ‘best of the best’ long and short ideas delivered to him by our team of over 40 research analysts across multiple sectors.” The data for long-only trades from Jan 2020 to May 2024:
• Of 148 closed trades, only 36% had a positive return and only 32% did better than SPY for the same holding period. If SPY had been traded rather than the recommended stock, 77% of those SPY trades would have had a positive return.
• Of 148 closed trades, the average return was 8.87% vs. SPY at 5%. Trimmed for Gamestop (+906%) and Playboy (-94%), the average return of 146 trades was 3.43% underperforming SPY by 1.57%.
• Only 25% of the closed trades were held longer than 92 days; only two were held longer than a year.

Hedgeye prides itself on transparency, accountability, and developing a new approach that leaves the Old Wall and SPY Monkeys in the dust. Per the data, the above Hedgeye products look like sick puppies next to those SPY Monkeys, consistently underperforming by 160-300 basis points. The data is similar for Signal Strength and Top Stock Picks. My question to Keith, who coaches hockey and played at Yale: "If these were hockey players, would you put them in the game?" The key question for Hedgeye is whether they can provide non-institutional investors like me with products that live up to the promise and claims of a superior investment approach – so far, sadly, I must say they have failed. While I like everyone at Hedgeye (hence two stars, not one), after ten years, I'm abandoning them when it comes to the fundamental question of what to own and when.

Hedgeye provides process, signals, and fundamentals and maintains principals in so doing.

Love listening to the call. Some winners, some losers. Might as well get an index fund. Also their Twitter site never mentions the losers of which some are big. aka BYON, SMCI, PLBY ADYEY all down 30% or more before plug pulled. They aren’t the best in class as advertised. Many more in 2024. They also short stocks which rise to new highs. Decent people. Not geniuses. But great marketers.

wasted my time and effort, i believe them til i couldnt, imagine Immunity corporation attends swift

Just a quick call back from sales support, handled like a pro. Thanks Alex Ledda

Long time subscriber, both Hedgeye and I keep evolving and getting better. They put out more great research daily than I can consume and they continue to offer more high quality new ways to understand the market both for the short term and mid term time periods. Helps me setup trades for today and this week and build a strategy for the upcoming quarters.

After 3 years trying this system I'm down nearly 90K some good months, lots of bad. You need to follow everything they do with a mixed portfolio and take profits at 1% and micro manage. I'm in the UK and took far to many massive losses on the Dax, SPX and Nas, Kieth, day after day had us selling Europe, Dax in particular, but, you guessed it, it went up and up TO ATHs, until he eventually went bullish, by this time I was minus 50K on Dax and bailed. I'm a small investor ( 250,000 pot) with lots of experience in indices trading, but I could not make this work -- be very careful and committed to a full-time management of your funds if you fall for Kieths bravado investment sales pitch...You need to watch every penny and Hedge every position you make, as they are often very, very wrong for far too long, and have bear bias.. My conclusion is that its for the big boys really, but Kieth and team will take the us small guys cash as well, and, block you if you complain on his website. Just my experience over the last 3/4 years of course, I feel I did give it a good chance.

Your upgrade of offerings is terrific...but where is the price list for them on my MacroPro. Would also like to see full review of Tier 1 Alpha in order to better understand KM comments on Macro Show.

Rating 5 Stars but always keep reviewing product(s) to keep them fresh.

The team does a good job laying out and communicating and over communicating their fundamental ideas on a daily basis
Keith has been improving his work to coach and on communicating and re-communicating the trade and trend and risk range process which has taken me more than a year to understand to listen to fundamentals and not act without applying the risk range process.
The team are responsive in responding to my request for minor technical issues when they arise occasionally.

This system requires commitment of time and energy with a learning curve of ~60 days but once you’ve put that effort it the market seems clear. With clarity, you can act with foresight and maximize your returns. In this Quad4 slowdown, I’ve been able to grow my long only portfolio without a drawdown. No more bathing for me, they are just tickers!

Hedgeye has created a model for evaluating where Macro and Markets are and how policy and inflation impact investment opportunities.

Since I have started with Macro Pro, I have had much better results with managing my retirement accounts. There is nobody better with there recommendations that Hedgeye.

The amount of ala-cart product offerings is glorious, and because these products are based in mathematical probabilities takes feelings out of the process (theirs & mine) of investing and/or trading.

Complete waste of money. Unless your a day trader and have all day to look at the screen then this is not for you. Their analysts are often wrong and definitely not world class. As for Keith he is so high strung on his process he ignores everything else. Hedgeye was selling bitcoin at 18k and buying it after it trippled. Never engage with this.