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Editor's Note: The chart and excerpt below are from today's Morning Newsletter written by Hedgeye CEO Keith McCullough. Get ahead of consensus each morning and subscribe today. 

CHART OF THE DAY: Consensus Calling for 3% #GDP (Seriously?) - z 06.01.15 chart

...In other words, consensus doesn’t believe that the US government can make up another version of GDP fast enough and has expressed #GrowthSlowing explicitly by being A) less bearish on bonds and B) more bearish on stocks.

 

And if you’re sitting there saying to yourself that this is actually bullish for both stocks and bonds, you’re probably right. All you need is one more bad jobs report and both the Fed and US government is going to guide you to believing that sucking is the new bull case.