This chart from today's Early Look by Keith McCullough shows recent returns in India (INDA), Germany (EWG) and South Korea (EWY), three countries currently in Quad 1 or 2 (GDP growth accelerating).
The last Global Quad 2 Cycle Peak was in Q4 of 2021. Then we had almost eight straight quarters of Global Slowing that ended in Q4 of 2022.
Now certain countries have already entered Quad 1 or Quad 2 or markets are signaling they will.
We’ll review all of our country GIP (Growth, Inflation, Policy) Models on tomorrow’s Q2 Macro Themes Call. This presentation is available exclusively to our Institutional and “Macro Pro” subscribers. Email support@hedgeye.com if you’d like LIVE access.
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