Flashback to 2008. The global economic crisis is set to strike. Hedgeye Founder and CEO Keith McCullough is fired from his job as a hedge fund manager for warning about the impending market disaster. Five years and almost fifty employees later, Hedg...
Hedgeye (hedgeye.com) has 156 customer reviews on Five Star Index, with an average rating of 3.6 out of 5.
Also known as
hedgeye.com
Website
hedgeye.com
Category
Media & Information
Location
Stamford, Connecticut
Listed on Five Star Index
2026
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Most recent review: September 2026.
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Kevin talks about doubling down on losing positions. Because 'thats what we do, we execute the process. If it goes down we buy some more and then some more!' Then the next day he tells you he closed out his positions. So totally in contradiction to what he told you the day before. You need to be moving in and out like a day trader and even then I don't believe the info you are getting from them will benefit you. This is definitely not for investors and questionable if it will benefit traders. There's no transparency on his trades and what he does and says see to be all over the place. Always seems to come up smelling of roses and making the right calls with no way to validate. Kevin is a funny guy and his show is entertaining, up until the point you realise his advise is not in fact making you money in the long run.
RY
Ramin Y.
At first I thought I was one of the few…
At first I thought I was one of the few to find Hedgeye research a little bias and unaccountable. Based on the 1 star reviews, I see I am not alone.
I had asked various times to get explanation about trades they put out in their RTA(Real Time Alerts) and was always ignored. Keith would never address his wrong/bad calls and boasts about the ones that went right. Very pompous! I stuck with them because I try to always look inward and learn/work harder. Recently I had to ask about a couple of their RTA's because they were just so off the mark. I got the rudest, pompous, snarky answer from one of their "customer service" staff (Dan Holland) Please see for yourself:
Hi Ramin. Congratulations on sending us the most misinformed and embarrasing email we’ve received in a long time. After you finish reviewing the last 75 Real-Time Alerts below going back to early February, you may want to review your poor analysis and poor attitude. If you’re still unhappy with RTA and how we’re risk managing Quad 4, we are more than happy to cancel your subscription today and refund the remainder of your subscription.
Regards,
Dan
Mind you I was not questioning their prior RTA's, only a couple recent ones that were way off the mark. I made gains with them prior. I did not need a refresher of the history. After I showed my disappointment with the way he spoke to me, and gave some not so kind words to him, he just cancelled my membership. (Not what I wanted at all)
Rude
Vague in some sense
Other than that they do have a great research team, the customer service could use great improvement!
EQ
Equity
I have a degree in Business & Finance…
I have a degree in Business & Finance and I manage capital in the financial markets for years.
A couple of years ago I have heard someone naming Hedgeye and at the time I have decided to subscribe to their full service for 1 month, just to see how they do.
The following is my own personal measured experience:
From the first/second day of my subscription I realised how (to me) illogical and destructive their system is:
1) There is not a measurable trading/investment plan.
2) There are not measured and risk-waited watchlists.
3) There are not portfolios.
4) Therefore, there is not a risk management program.
5) Also, there is not a past performance analysis (measurable results of profit or loss, over a period of time; week, month, year, 5 years...) of the application of their system.
6) Therefore, it ends up being just wild guesses and words said and then forgotten/denied.
7) Even more: as there is not a measurable tracking or proof of the loss they generate they change their word as the markets move.
As for Spot Gold: at the beginning of my 1 month subscription the owner of Hedgeye was saying that he was expecting Spot Gold to go down, but my data was signaling high probability of it to go up sharply.
I of course followed my data and bought a measure quantity of Spot Gold with a 30 day trading objective.
After just 7 days the Gold actually went up by 5% and I closed my position.
After that sharp move of the Spot Gold, I was astonished to see the owner of Hedgeye stating that he had said that it would go up, while in reality he had wrongly said that it would go down.
That might seem unreal, but it was my honest experience.
There is not excuse for lying and fooling people, inducing them to loose the money they earned with their hard work.
You can read similar experiences in many other reviews.
If you still want to pay for seeing it with your eyes, please do the following:
- subscribe just for a very short period (on month and remember to turn autorenewal off!!)
- use only a broker DEMO Account to try to trade their ideas (if you really want to try)
Thank you for reading
MF
Marie-France S.
"If you get rates right you get…
"If you get rates right you get everything right" - Keith McCullough, founder. Hedgeye and their legion of analysts are a fake sense of security, they are only faded momentum chasers. 'Risk Ranges' are glorified Bollinger Bands, nothing to be paid for. March 2021 - 'MSOS is the biggest position in my portfolio', it's down 63% since then. He was short energy in Nov 2021, horrible! His bitcoin tracker changes 'trend' after a 40% move at which point you have either lost all your money or totally missed it. Useless. He got rates all wrong in 2021, missed the greatest bull between March and June in 2020 while the fed and treasury were printing mad money, and went into recession mode in Nov 2020 (worst call of all time). He disguises all if this by blocking people on social media so its very difficult to find other users to get honest due diligence and then covers up some more with glorified 'thanks coach' and other hockey rhetoric with his childhood buddy 'Jonesy' who shows up hung over every morning on The Morning Show. If he was any good he would run real money instead of recycling subscribers. Think about it, folks. Avoid at all costs.
MJ
Mr Jamal C.
The GIP model = HUGE Time Saver
The GIP model = HUGE Time Saver
Using the GIP to lead my fundamental view has been a helpful tool, it has saved me many hours of doing my own global macro research.
Learning Hedgeye's process has helped my tie up loose ends, and add to my own process... Top down.
Keith and his team are very smart people. KM has some cracking jokes and catch phrases.
From the bad reviews I see alot of people are too reliant on Hedgeye
+ copy trading from them... Not a prudent way to manage money.
The most useful service is Quarterly Themes,
The monthly ETF & Investment Ideas Service is good,
So is the weekly review.
However; the Macro show, RTA, RR: I don't personally use.
Their too focused on short term, to be of any use too me, however some of the elements of RR in my process, my ranges come quite close sometimes.
During 2021 the service for retail clients seems to have declined in quality tbh, in comparison to previous years.
It's still fairly priced... as I save hours quanting through macro data around the globe.
JO
John
I subscribed to Hegdeye for almost 2.5…
I subscribed to Hegdeye for almost 2.5 years. Consistent subscription to The Macro Show and on and off RTA, RR, and The Call.
I want to be fair and say that as a young retail investor, I learned some good disciplines from Hedgeye but a few things led to me ending my subscriptions.
1. The way the products are designed: My opinion is you'll need to subscribe to the whole package or at least several products to be successful, not just one or two products. If you don't, you'll have to get used to missing information. I found myself hearing “I mentioned that in the Early Look!” or “You won’t get that if you’re not a Pro subscriber!” It became frustrating. From a business model perspective, I understand, but I couldn’t afford all of them.
2. Hedgeye doesn’t seem to adjust their approach if proven wrong: Since subscribing they have been very late to Quad transitions. This seems to occur coming out of Quad 4. It occurred in 2019 and 2020. I missed out on a lot of gains remaining in Quad 4 while the market was transitioning. There’s obviously things I could have done better, but this is one thing I’m surprised Hedgeye hasn’t adjusted in their process –> better transitioning from quads.
3. Lastly, I just don’t care for Keith’s public persona: I’ve recommended Hedgeye to friends over the years and they can’t get past Keith. I could put up with his personality due to the info they provided, but recently It became too much. I don’t know anything about Keith personally and his coworkers/employees may love him. Sadly, the way he comes across on The Macro Show and Twitter is embarrassing, quarrelsome, and easily provoked. I've seen him attack other successful, humble investors online just for questioning or trying to engage. It's also common to see him block subscribers that ask honest questions about the process.
MV
Martijn van de W.
Do not fall for it, not woth your money or time
If you look at the products Hedgeye offers, at first it looks like it is too good to be true: "real time" alerts, "Risk Ranges" for just a just small amount of money. CEO Keith Mc Cullough has a very convincing way of "coaching" you through the markets. In the end it actually seems too good to be true in my opinion: What Keith does is he always Cherry picks the winners, ignores the losers and even gets annoyed and agitated when you ask a basic question about a losing trade. On twitter Keith Magnifies Praise (retweets), and reduces critique by simply blocking anyone who dares to question him. Check his twitter feed yourself to simply find out yourself. It just doesnt look like the place to be for good and open debate. And do not be fooled: Although he pretends to be trading actively, he actually runs a media company not a fund, so he sells subscriptions. He might own a Robin Hood account with 500 dollars max, who knows.
GJ
Geoff J. G.
I have been involved in the securities…
I have been involved in the securities business for 15 years . Everyone wants the beach body but nobody wants to lift the weights. Investing is very hard. There are 100 bag holders for every Dogecoin millionaire. Hedgeye provides a set of affordable risk management tools. They are geared towards serious intellectually honest investors. Haters are either newbies, lazy, overly emotional or dishonest with themselves (seek to blame others). If you want to learn to preserve and compound your capital, this is for you. If you want to roll the bones , try WSB message boards.