Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

If the USA were to #diverge from Europe, India, and Japan’s #Quad1 GROWTH #accelerations into a Narrow #Quad4 then LARGE CAP GROWTH and TECH would break @Hedgeye TREND.

With widely held MAG7 Tech (XLK) down -5.5% last week, that’ll get some of the “feels” going.

CHART OF THE DAY: #Quad3 Correction, or Narrow #Quad4? - chrt1

CHART OF THE DAY: #Quad3 Correction, or Narrow #Quad4? - Hedgeye University Email Banner 2024