In this clip from Wednesday's edition of The Macro Show, Hedgeye CEO Keith McCullough reiterates why the Fed raising rates into a slowdown is always bad for stocks - despite the latest (completely ridiculous) Old Wall narrative that it's a bullish catalyst.
"You're starting to see priced into the short end that the Fed could, better than a coin toss, raise rates in July - right in the heart of the worst earnings season you're going to see." McCullough says.
"Bullish? Good luck."
Watch the full clip above.
