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For the record, Hedgeye’s non-consensus Macro research team has been warning about #ChinaSlowing since late 2017. Yes, we called this bearish move in China. So, go ahead and ignore the MSM “Macro Tourist” bandwagon nonsense suggesting that the nearly 22% crash in the Shanghai stock market is due to “Trade War” with the U.S.

It’s all poppycock.

Earlier this week on The Macro Show, Hedgeye “Risk-Manager-In-Chief” Keith McCullough explained (and reiterated) the real, data-driven reason behind China’s slowdown which began last year.

“It has to do with them having to compare against the most epic stimulus in the history of China,” McCullough says in the clip above.

“This has nothing to do with Donald Trump. The real reason why we made this call on China was a cyclical call.”

Watch the clip above for more.

McCullough: Forget Trump Trade Wars. Here’s Why China Is Slowing - etf pro