CHART OF THE DAY: Perfectly Timed Cycle Pivots

12/08/21 07:49AM EST

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

As you can see in today’s Chart of The Day:

A) The prior INFLATION Cycle Peak call I made was in Q3 of 2018 at +2.64%
B) The DEFLATION Cycle Low Call I made was in June, or Q2, of 2020 at +0.36%
C) And now, my math says, INFLATION is peaking > 6.09% in Q4 of 2021

. . . 

Intra-quarter, we employ a stochastic nowcasting framework that anchors on non-linear interpolation to relay ROC (rate of change) signals from individual FEATURES of the dynamic FACTOR model to the base rate.

Yep, I know. I did it again. I confused the English Lit majors, dentists, and hockey players. So, let’s not read the mathematical words and go back to the color coded Nowcast Chart:

  1. From 6.09% or wherever INFLATION peaks here in Q4 (OCT was +6.2% CPI)…

CHART OF THE DAY: Perfectly Timed Cycle Pivots - 12 8 2021 9 00 00 AM

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