Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
For those of you who are getting this note free this morning (we gave a 1-day All-Access Pass to The People so they can at least consider preserving and protecting their hard earned capital at a particularly important time in The Cycle):
A) We thought Small Caps and Story Stocks would continue to crash if the Fed made a Policy Mistake (they did)
What is a crash? It’s when something goes down -20% from its Cycle Peak and you need to be up +25%, from there, to get your money back to break-even.