Cartoon of the Day: Return of the Bear?

Below is an excerpt from today's Early Look written by Hedgeye CEO Keith McCullough:

Let’s get after it and deliberately study what happened in macro markets last week within the context of @Hedgeye TRADE, TREND, and TAIL durations.

Globally, it was ugly out there for Equities:

1. SP500 dropped -6.0% last week to -3.2% YTD and is now signaling Bearish TREND @Hedgeye
2. NASDAQ corrected -6.5% last week to +1.3% YTD and is barely Bullish TREND @Hedgeye
3. Russell 2000 fell -4.8% last week to -1.7% YTD and remains Bearish TREND @Hedgeye
4. EuroStoxx600 lost another -3.1% last week to -6.0% YTD and remains Bearish TREND @Hedgeye
5. Germany’s DAX fell another -4.1% last week to -8.0% YTD and remains Bearish TREND @Hedgeye
6. Swiss stocks corrected another -3.5% last week to -8.7% YTD and remain Bearish TREND @Hedgeye
7. London’s FTSE dropped another -3.4% last week to -10.0% YTD and remains Bearish TREND @Hedgeye
8. Japan’s Nikkei lost another -4.9% last week to -9.4% YTD and remains Bearish TREND @Hedgeye
9. China’s Shanghai Comp fell another -3.6% to -4.7% YTD and remains Bearish TREND @Hedgeye
10. Russia’s RTSI gained +0.6% last week to +9.3% YTD and remains Bullish TREND @Hedgeye 

“So”… if you’re saying 1 out of the aforementioned 10 being Bullish TREND @Hedgeye ain’t bad, you’re right. That’s terrible.