In case you’ve been living underneath a rock, the #Quad4 shit has officially hit the fan. Anyone paying attention knows that Hedgeye’s Macro Team has been actively warning about this huge market risk for many months now.
The full effect of #Quad4 was on display again today. The S&P 500 has joined the NASDAQ (-29%), the Russell 2000 (-26%) and Bitcoin (-65%) by crashing over 20% from its cycle peak.
In this clip from The Macro Show, Hedgeye CEO Keith McCullough highlights those crashes and explains how Yield Curve indicators continue to show that market conditions could get even worse from here.
“Yield curve compressing and staying down towards inversion… that’s just a clean-cut recessionary indicator," he explains.
