McCullough: Bear Markets Bounce On Low Volume

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In this clip from The Macro Show on 5/26/22, Hedgeye CEO Keith McCullough contextualizes the prior day’s stock market bounce within the frame of a big drop in trading volume, specifically as it relates to up-tapes within a #Quad4 macro environment.

“Yesterday was the fifth up-day for the stock market in the last fifteen. Most of those days are big percentage move days off the low-end of the Risk Range. The characterization of a bear market is when there’s a bounce on decelerating volume,” notes McCullough.
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"So your saying there's a chance?" love the dumb and dumber quip.

BrianFrenchinternet-marketing
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I noticed Barrick down as everything else rallying was an ominous sign... today's close and tomorrow could be scary to say the least

drew
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"Now hall-of-famer Whitey Ford is on the field...pleading with the crowd...for some kind of sanity" --The Simpsons

dirkdiggler
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Sorry bud. Volume has ZERO predictive power for price

johntrolle