Below is a brief excerpt and the Chart of the Day from today's Early Look note written by Keith McCullough.
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What’s interesting about Canada’s GIP Model Nowcast right now is how it #DIVERGES (word of the day!) from Mexico’s: a. Canada is in #Quad2 in Q4 (and should stay there in the 1st half of 2025), whereas b. Mexico is 1 of 5 countries in the G20 that’s currently in #Quad4 Those #QuadDivergences have paid out in terms of our Global Equity positioning: a. Canada’s TSX Index was up another +0.8% last week, taking its TRENDING 3-month Return to +10.4% b. Mexico’s Stock Market dropped another -1.2% last week, taking its TRENDING 3-month Return to -6.3% |
