If you’re short the stock market today, and your boss asks why is the Nasdaq at an all-time high, here’s the only honest answer: So far, Nasdaq company earnings are up 46% year-over-year.
“Isn’t that a pisser,” says Hedgeye CEO Keith McCullough on The Macro Show.
In the video excerpt above, McCullough runs through the data and what it means for the stock market going forward.