In today’s edition of The Macro Show, Hedgeye CEO Keith McCullough discusses the current market set-up after the S&P 500 fell -3.5% last week.

“This what matters here, the numbers,” McCullough says. “The trade and trend on the S&P 500 turned bearish.”

Watch the full clip above.

McCullough: This Market Setup Is ‘Really Nasty’ $SPY $NVDA - TMS Banner