McCullough: The S&P Has 27:1 Downside Vs Upside
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The signals of a deep #Quad4 recession are becoming harder to ignore. If you haven’t already, now is the time to position yourself properly.
“Companies are failing across the board in everything we like on the Short side,” explains Keith McCullough in this clip from The Macro Show. “It’s not just oil setting up as a short today. It’s Consumer Discretionary (XLY), Real Estate (XLRE), Financials (XLF), setting up as shorts as broad equity volume is down double digits.”
The last two times the S&P 500 risk range was this wide was March 2022 and November 2022. On both occasions, investors who chased the market highs paid for it just a couple weeks later when the index plummeted.
“This is the third time. What are you gonna do?” McCullough asks. “I know what I’m doing.”