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% . . . 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:
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