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