Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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U.S. Industrial Production #SLOWED to a new CYCLE LOW of -0.43% year-over-year in JUN vs. +0.03% in MAY. That’s right, the #Quad4 US Industrial Production Recession we’ve already entered is so obviously bad that I had to move to 2 decimal points this morning to remind you that MAY was only +0.03%. So you’re saying there’s a chance… |
