Every time the market bounces, Wall Street asks the same desperate question, says Hedgeye CEO Keith McCullough:
“Why can’t I get my bubbles back?”
You don’t have to take our word for it—just follow the data.
In this clip from The Macro Show, McCullough and Hedgeye Macro analyst Ryan Ricci break down the implied and realized volatility across key sectors and stocks. The data shows a clear trend: institutions are selling into every bear market bounce, praying for a bailout.
“I’m using words that fit the math,” McCullough says. “You go from, ‘Oh my god, the world’s ending’ on this day last week to an implied volatility discount of -30% on NVDA. They all own the same thing and all they want is that NVDA to come back.”
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