CHART OF THE DAY: Yesterday Had #Quad1 Data

12/16/21 07:31AM EST

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

Why is it still #Quad1, economically (and not #Quad4)? A: yesterday’s data:

A) US Retails Sales #accelerated to +18.2% year-over-year GROWTH in NOV vs. +16.3% in OCT
B) US Mortgage Demand #accelerated another +0.8% last week (DEC number) to an 11-month high  

There are plenty of bearish narratives out there that don’t say a peep about what my predictive algos are saying about these ROC Numbers.

CHART OF THE DAY: Yesterday Had #Quad1 Data - RS

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.