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