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Investors beware: a choppy market could be on the horizon.

While the government’s revised GDP numbers changed our forecasts slightly, Hedgeye CEO Keith McCullough explains in the clip above that little to no change in growth in the coming quarters could make for just as difficult an investing environment as one with dramatic swings.

“Year-over-year GDP growth is going to hover within a 12 basis point range,” McCullough explained on The Macro Show yesterday morning, referring to Hedgeye’s latest forecasts through Q2 2020.

“We’ve got a lot of chop coming – but a lot of nothingness. Be careful here. You’re going to need data, be vigilant of that data, and have an open mind.”

Watch the full clip above for more.

McCullough: Market Chop On The Horizon - the macro show