This chart from today's Early Look by Keith McCullough shows government spending base effects flipping from tailwinds to headwinds over the next year. 

CHART OF THE DAY: 'The Big Biden G' Base Effects Steepen Through Q3 2024 - chart12.11

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CHART OF THE DAY: 'The Big Biden G' Base Effects Steepen Through Q3 2024 - RC NoButton12 12 2023

CHART OF THE DAY: 'The Big Biden G' Base Effects Steepen Through Q3 2024 - Schedule Sector Shows Only   TRANSPARENT