Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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There were big Asset Allocation pivots to be made for 3 months. Some people made them on time. Some people were a little late, but eventually made them. Others didn’t make them and are still hoping for a US economic slowdown to continue in Q4. Right on the screws in-line with the #Quad2 in Q4 US LABOR #acceleration in OCT: A) US Retail Sales #accelerated to +16.3% year-over-year GROWTH in OCT vs. +13.9% in SEP Again, these are ROC (rate of change) facts that should not be subject to your daily dose of click-bait and/or “unwanted variability in judgment that should be identical.” |
