In this clip from today’s edition of The Macro Show, Hedgeye CEO Keith McCullough updates subscribers on his latest Quad forecasts for the upcoming quarter (Q2 2022), and why #Quad3 Stagflation is not our modal outcome.
“Throughout Q1, it became a coin toss between Quad 3 and Quad 4, and by the end of the quarter (because inflation just wouldn’t go away) it ended up being a little more Quad 3.
But again, with Real Growth Slowing, you wouldn’t have changed your asset allocation decisions, so we stayed with #Quad4, and we’re very happy with that.”
“Utilities (XLU), by the way, looks not like interest rates.”
McCullough goes on to breakdown his GDP & Inflation Nowcasts for Q2 (and the rest of 2022). Subscribe to The Macro Show to watch the replay (and watch before every market open, daily from 9-9:30am ET).
