You may want to get your head checked if you think we’re in a bullish setup right now.

Hedgeye’s CEO referenced a powerful chart from today’s Tier 1 Alpha Market Situation Report illustrating recent market highs with the troughs that immediately followed both peaks. 

“That was #MOAB (Mother of All Bubbles) Part 1 and Part 2,” explains Keith McCullough in this clip from The Macro Show. “Is there going to be a third? I don’t think so. That’s a major problem, because from here, the future state is called the U.S. recession, and the market’s starting to figure that out.” 

This is one of 20 charts from today’s Market Situation Report. Tier 1 Alpha recently partnered with Hedgeye to provide subscribers actionable, daily options-driven research. To receive Tier 1 Alpha’s daily reports on market flows, click here

McCullough: Don’t Expect Mr. Market to ‘Puke and Rally' - TMS Banner