Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough.
Fed “pivots” chase (economic) Quad Pivots on a 6-12 month lag. Think “transitory”… or now what they don’t consider #RecessionRisk.
So, back to answering the client question – where the initial Quad Model was “wrong” was in initially nowcasting that Q3 of 2022 could see a slight sequential GROWTH #accleration to what we call #Quad1. The incoming data has been so bad that that’s now a #Quad4.