01/19/16 01:34 PM EST

All You Need To Know About The (Crashing) Russell 3000 In One Chart

Hedgeye Senior Macro analyst Darius Dale sent a note to institutional subscribers Friday outlining the bearish reality behind the Russell 3000's crash. It's not pretty. As you can see below, the average stock in the Russell 3000 has plummeted a monster -34% from its 52-week high.

All You Need To Know About The (Crashing) Russell 3000 In One Chart

Click the image below to enlarge.

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