In this prescient clip from earlier this month, Hedgeye CEO Keith McCullough sounded a rather cautionary (and animated) note on market risk.
I have never in my career seen more monkeys than at the top of every cycle. At every cycle top, there are more monkeys, there's more people running money, but the monkeys are never the same. Because once you get shot, you're dead...Momentum chasing is so dangerous at the end of an economic cycle.
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