In this clip from The Macro Show on 5/26/22, Hedgeye CEO Keith McCullough contextualizes the prior day’s stock market bounce within the frame of a big drop in trading volume, specifically as it relates to up-tapes within a #Quad4 macro environment.
“Yesterday was the fifth up-day for the stock market in the last fifteen. Most of those days are big percentage move days off the low-end of the Risk Range. The characterization of a bear market is when there’s a bounce on decelerating volume,” notes McCullough.
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