Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Back to these epic non-mid-cycle economic ROC reports: A) US Durable Goods #accelerated to +52.1% year-over-year growth in APR vs. +36.3% in MAR In other words, with the SP500 having ramped back to being only -0.7% from her all-time closing high of 4232 (and our 4 Horsies, leading that ramp), Mr. and Mrs. Market have absolutely nailed #Quad2 since we made that call back in November. |