01/30/18 07:51 AM EST

CHART OF THE DAY: Correction? You Need a Process

Keith McCullough

Editor's Note: Below is a small excerpt and chart from today's Early Look. It was written by Hedgeye CEO Keith McCullough.

We finally got ourselves a 1-day correction in the US stock market that was greater than 35 basis points. Asian Equity markets responded with broad based correction of -1.0-1.6%, across the board. Hoowah! It’s time to get to work this morning...In other words, the SP500 is currently smack in the middle of my immediate-term risk range.

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