Hedgeye Podcasts Hedgeye Investing Summit Spring 2026 | Hedgeye Asset Management
Apr 28, 2026
David Salem, a macro portfolio manager who runs drawdown-constrained ETF strategies. R. Patrick Kent, a long-duration strategist focused on structural themes like rearmament and energy. Sam Rahman, a quality-growth stock picker who shifts positioning across regimes. They discuss market quads, price-action during corrections, energy and defense dynamics, liquidity and machine-driven flows, and execution and re-entry for permanent capital.
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Episode notes
Price Action Is The Truth
- Use price action as the ultimate signal during headline-driven volatility.
- Sam tracked anomalies (markets holding trend despite bad news) in late March as preemptive signs the correction was ending.
Protect First Then Hunt For Anomalies
- Protect capital early in a correction then hunt for anomalies as it deepens.
- Sam's two-phase March play: raise cash and lower beta initially, then look for high-beta names that held trend to time re-entry.
Positioning Can Become Jet Fuel For Rallies
- Rapid regrouping of overweight hedge fund names can fuel explosive short-covering rallies.
- Sam noted speed, volume and flow turned bearish trade into bullish trade within a week for big tech winners.
