McCullough: The US Stock Market Is Going To Crash

01/08/16 11:50AM EST

"The US stock market has never NOT crashed (i.e. a 20% or more decline from peak – that would get you 1704 SPX from the 2130 #bubble high) when corporate profits go negative for 2 consecutive quarters," Hedgeye CEO Keith McCullough wrote earlier today in a note to clients.

Click to enlarge.

McCullough: The US Stock Market Is Going To Crash  - EL profits

Editor's Note: The chart above was featured in our recent 73-slide Q1 Macro Themes deck. If you would like more information on how you can subscribe to our non-consensus research please email sales@hedgeye.com.

© 2022 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.