Editor's Note: The chart and excerpt below are from today's Morning Newsletter written by Hedgeye CEO Keith McCullough. For information on how you can subscribe click here.
While our #process is easier to understand by using today’s Chart of The Day (a sine curve), let me just make this macro Risk Manager point one more time in plain english:
- When #LateCycle macro indicators go from good to less good, that’s bad
- When #EarlyCycle macro indicators go from bad to less bad, that’s good