CHART OF THE DAY: Another Classic #LateCycle Rollover > Consumer Confidence

Editor's Note: This is an excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. If you would like to get a step ahead of consensus click here to learn more about subscribing. 

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...Notwithstanding another classic #LateCycle rollover in the US #ConsumerCycle slowing yesterday (US Consumer Confidence getting hammered to 90.9 this month vs. 101.4 last – see Chart of The Day), here’s some important pending data to consider:

  1. US GDP for Q2 (it’s now Q3) will be reported on Thursday and should be a “good” headline number vs. a “bad” Q1
  2. US Employment (Jobs Report) will be reported next Friday and should be a “less great” number vs. the Q1 cycle top

CHART OF THE DAY: Another Classic #LateCycle Rollover > Consumer Confidence - z Confidence CoD