FOMO-addled investors are seeking shelter in a small handful of mega-cap stocks. Hedgeye CEO Keith McCullough encourages subscribers in this clip from The Macro Show to look more closely underneath the hood. It’s not pretty.
McCullough highlights the Russell 2000 (IWM) and the NASDAQ 100 Equal Weighted Index versus the QQQ ETF.
"That's a bear market, not a broadening of strength," he says.
