Hedgeye CEO Keith McCullough appeared on Fox Business’ “Opening Bell with Maria Bartiromo” this morning. In his first segment, he and Maria break down the Q4 GDP number. Keith reiterates that despite expectations of 4-5%, YoY growth in GDP is actually closer to 2. He discusses why numbers for Q1 will look weak comparatively and how Hedgeye front-runs the Fed with our growth and inflation estimates. Lastly, he reveals what he’s been recommending to customers in this deflationary environment.
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In light of this slow-growth environment, Keith discusses where investors can find yield, how the current setup points to economic stagflation, and why housing is gaining traction, despite consensus expectations.