CHART OF THE DAY: (Woeful) Establishment “Blue-Chip” Growth Forecasts

Editor's Note: The excerpt and chart below come from today's Morning Newsletter written by Hedgeye CEO Keith McCullough. Click here to subscribe and stay a step ahead of consensus. 

Who really cares that the Fed was at 3.1% GDP, then 2.7%, then 2.4%? As you can see in today’s Chart of The Day, the establishment “blue-chip” growth forecasts have started the year high, and ended on the lows, every year since 2010.

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CHART OF THE DAY: (Woeful) Establishment “Blue-Chip” Growth Forecasts - z 06.19.15 chart