Keith McCullough: Maintains bearish stance on high yield and credit risk spreads

Keith McCullough: Maintains bearish stance on high yield and credit risk spreads
Bearish view on high yield spreads

Keith McCullough, founder and CEO of Hedgeye Risk Management, stated that his bearish view on high yield and credit risk remains unchanged.

McCullough has previously reported significant declines in global equities. He noted that the Indonesia stock market fell 3.6 percent overnight and is down 22.4 percent over the past month. In a separate update, he observed that the KOSPI dropped 3.7 percent overnight and is now 39.1 percent below its peak.

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