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A viewer on The Macro Show said he “feels” like the recent stock market bounce is similar to the one in 2016 which led to the ramp to all-time highs in September 2018.

Unsurprisingly, Hedgeye CEO Keith McCullough disagreed.

He reminded subscribers not to invest by “feel,” but with actual data. Looking at the data, McCullough explains, the U.S. economy is in a very different place than it was in Q2 of 2016.

“In 2016 we were coming off the low end of the sine curve [for GDP],” McCullough explains in the clip above.

“All GDP did after that was go up for 10 quarters in a row. There’s no feel to that. That’s just math.”

Watch the full clip above for more.

McCullough: Why This Market Bounce Isn't Like 2016 - the macro show