This chart from today's Early Look by Keith McCullough shows 27 months of deceleration in Russell 2000 net income growth.
The index is now in the midst of another -5.5% drawdown since December and teetering on Crash Mode at -19.7% from its cycle peak.
"The Russell is down -42% Y/Y," McCullough said this morning on The Call @ Hedgeye. "Not down 25%, not 35%. Down 42% and that's cause we have a record amount of profitless companies. You have no earnings."
