The Call @ Hedgeye | October 2, 2023

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

So, since my vision and goal after leaving the Old Wall in 2007 was to be there for The People during crashes, please send slide 36 (today’s Chart of The Day) to your friends & family on me. If any of them run a real business, this won’t be new news to them:

A) Small Business Earnings (trailing 3 months) have already hit recessionary levels (data goes back to 1986)
B) Small Business Sales Expectations (expected next 3 months) are at lows not seen since The Great Financial Crisis

This isn’t 1982. This is 2022.

In the next 3 months you’ll look back on what you did today and score your performance. 

CHART OF THE DAY: "Soften Further": Small Business Earnings & Sales Expectations  - SOF