Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
I don’t care if I’m “fighting the Fed” or front-running it. I’m going to execute on my process.
And, that process led to me say (and write) in that moment of absolutely uninformed volume (June 8th) of US Equity Chart Chasing that the “probability just went straight up that the US stock market crashes, for the 2nd time, in 2020.”
I get it. Some people need to believe that “no one could have seen March 2020 coming.”
But did all of these no-ones not see June’s Reopening of Risk coming? That was obviously the title of an Early Look when it mattered too. And I hope you don’t mind some of the reminders this morning. Transparency & Accountability matters.