Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. 


1. Since the #Quad2 in Q4 of 2020 breakout US Equities started, how many times has a panicked and stressed out crowd of consensus sold AFTER declines and chased AFTER rallies to new all-time highs?

A: Too many.

2. Since our Full Cycle call for US INFLATION to #accelerate in JUNE of 2020, how many times did PE Powell and his establishment loving consensus econs call INFLATION “transitory”?

A: Too many

So, isn’t the timing perfect for another US stock market rally to new all-time highs? And for Hedgeye to make an INFLATION Cycle Peak “call” while both consensus and Powell capitulate on inflation?

Question: What would drive that? A: QUAD ONE.

CHART OF THE DAY: US Headline CPI YoY Projections - 12 1 2021 7 57 52 AM