Get your notepad. You need to hear this important message from Hedgeye CEO Keith McCullough from today’s Macro Show relating to fading your feelings and sticking with the #process throughout this bear market. Now more than ever, it is important to protect your hard-earned capital.
“GDP is going to zero. High Yield and NASDAQ are a similar set in #Quad4 recessions. There will not be a 4th strike. There are 3 times you could’ve gotten out, and this is the third,” says McCullough. “DO NOT miss strike 3.”
“We are entering phase 2 of the bear market, and it will be with strike 3. Phase 2 is going to strike people out.”