Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
|
Almost everything that had our Macro Team calling for #InflationAccelerating and a #Quad2 in Q4 breakout in US Interest Rates, is already decelerating. Yep, two of the biggest 2021 beast-mode breakouts in our INFLATION Nowcast: A) USED CAR PRICES (Manheim Index) Have arrested their ROC (rate of change) inflations and are #decelerating to lower-highs alongside EVERY single Commodity that we measure and map, daily. And what’s the catalyst for ALL of these things to go from disinflation to outright #Quad4 DEFLATION? A) A Fed Policy Mistake |
