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Keith McCullough, founder / CEO at Hedgeye Risk Management, reflects on the current risks facing U.S. stocks, questioning whether larger risks come from 'bombs' or 'Bag7'.
He emphasizes that his investment process prioritizes adapting to changing signals over intellectual predictions and stresses the value of humility in volatile markets.
McCullough has previously condemned financial engineering as a major scam, alleging CNBC played a role. He has also highlighted sharp losses and heavy trading volume in leveraged ETFs. These comments come as he continues to assess risk management priorities in U.S. equities.