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    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

Takeaway: Lower gas prices, it's a good thing.

Gas prices at the pump are sliding and down year-over-year and quarter-over-quarter, despite flat oil and negative policy headwinds. In isolation, this is obviously a tailwind for U.S. consumer spending. The acute risk from here is that Bernanke's dollar destruction catalyzes a reversal in energy prices.

Relief? - drake