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As Hedgeye CEO Keith McCullough explains in the clip above, any economic forecasts for later in 2020 are essentially useless until we understand the full effect of the crash we are currently in.

“I know everyone wants to get to the other side,” McCullough explains.

“The biggest part of the rapids is [rising jobless claims]. Every time it goes up, it goes straight up. No time in U.S. history has that not been the case. If you don’t understand that you shouldn’t be in the boat.”

Watch the full clip above for more.

McCullough: More Market Rapids Ahead - the macro show