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Keith McCullough, founder / CEO at Hedgeye Risk Management, reports that 467 companies in the SPY index have posted aggregate year-on-year earnings per share growth of 50 percent. The report also mentions that Nvidia is scheduled to announce its results tomorrow.
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McCullough recently provided an update on risk range signals for 36 long and short ETF positions. In a separate note, he reported that the SPX Risk Range had -0.4% daily downside and +2.5% path to highs. These updates follow Hedgeye’s continued monitoring of key equity benchmarks.