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Keith McCullough, founder / CEO at Hedgeye Risk Management, comments on recent market performance in China. McCullough highlights that China declined overnight and has fallen 3.4 percent over the last three months, a trend he associates with investors front-running a slowdown in GDP.
His remarks point to ongoing concerns around China's economic outlook and its effect on equity market sentiment.
McCullough has recently taken a cautious approach in other sectors, keeping his DRAM position at the minimum size and refraining from increasing exposure. He has also sharply criticized financial engineering as a major scam allegedly enabled by CNBC. These previous statements reflect his continued skepticism toward risk in global markets.