"Within a dynamic ecosystem of colliding, non-linear factors, I’ll almost always register #divergences," wrote Hedgeye CEO Keith McCullough in today's Morning Newsletter. "In your natural ecosystem of life, a divergence would be that it’s snowing 10 miles from where you see no precipitation."

CHART OF THE DAY: Non-Linear #Divergences | $SPY vs. Italian MIB Index - 11.10.14 Chart