Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
|Commodities (as in the CRB Commodities Index) just inflated to another new Cycle High of 228 yesterday and obviously means we have what the bond market is signaling (breakout in yields) on at least the INFLATION part of the Quad in Q4
Which, of course, begs THE question on whether I am going to be right or wrong on the US and European Equity Asset Allocations for #Quad2 in Q4. If I am wrong (i.e. the real growth data slows, from here, instead of #accelerating vs. Q3)…