CHART OF THE DAY: Drawdown & Crash Math

09/07/22 07:56AM EDT

Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough. 

Remember the time when Hope.com’s Mike Saylor told me on @HedgeyeTV that “Keith, you need to believe in something man.” And I replied. “I do. I believe in Hedgeye.”

And if you believe anything in markets, believe it when the price of something hits HIGHER-HIGHS in a Bull Market (US Dollars this morning) or LOWER-LOWS in a Bear Market (Saylor’s beloved Bitcoin at $18,766).

Why? I warned him. A: QUAD FOUR.

CHART OF THE DAY: Drawdown & Crash Math - bx1

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.