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

You’re going to have to wait for the Fed to see all of this (and the #divergence between CRB Raw Industrial Commodities vs. Oil, which were DOWN -0.1% last week to only +1.0% inflation in the last 3 months) on a lag. Because that’s what they do.

And deal with the blowup bearish US Equity Bubble market signals to continue to manifest in the meantime:

A) Both Russell 2000 (IWM) and NASDAQ Signaling Bearish @Hedgeye TREND now alongside Tech (XLK)…
B) Both Bitcoin and Ethereum continue to signal Bearish TRADE and TREND with lower-lows in play

Where will rates stop going up? I don’t know. But the higher the short-end (2yr UST Yield 1.03% this morning) goes, from here… And the more real US GROWTH slows… the faster the Yield Curve is going to compress.

CHART OF THE DAY: Bearish US Equity Bubble Market Signals - eb1