CHART OF THE DAY: Energy Leading Inflation

05/21/24 07:52AM EDT

Today's Chart of the Day from Hedgeye CEO Keith McCullough was featured in our Mid-Quarter Macro Themes presentation last week. (This is a Macro Pro exclusive webcast. To access the Mid-Quarter Macro Themes Update, email support@hedgeye.com for upgrade options).

If you A) played hockey and B) do both fractal math and #history, you’re going to be dangerous to the establishment’s Linear Econs. Let’s look at Energy Prices as a leading indicator for future INFLATION:

A) Today’s Chart Of The Day is slide 109 of the Q2 Macro Themes Update we presented last week
B) It shows you how Energy Prices will flow through to the May INFLATION report (CPI)

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