Last November, Fed head Janet Yellen called a December rate hike a "live possibilty." In the video below, Hedgeye CEO Keith McCullough countered that a U.S. economic recession was a "live possibility" too, especially if the Fed raised rates.
Well, they did. We called the ensuing stock market turmoil.
The likelihood of a U.S. #Recession is still firmly intact no matter what Janet Yellen said in her Congressional testimony today. Here's the video that explains why.