Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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Obviously this isn’t “mid cycle” for Commodities and/or INFLATION. We’ve been long of Commodities since June of 2020 and this is heading to Peak Cycle. There’s a big difference between having the humility to let the gravity of a cycle play itself out and trying to tell The Cycle what to do next! On the Real GROWTH side of the economic debate, “why” isn’t it still #Quad3 (real growth slowing) in Q3? A: It’s Q4. |
