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Editor's Note: This is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here for more information and how you can subscribe.

...Yep. That’s kind of a depressing note to kick off another week in a world that continues to be dominated by both #LateCycle growth slowing and #Deflation. But it is what it is. Hope is not a risk management process.

 

Post Friday’s US jobs report, I still think the Federal Reserve risks being THE catalyst for a curve flattening (recession). If they’re hostage to a political calendar and raise rates during a cyclical and secular slowdown, that is...

CHART OF THE DAY: Deflation Expectations (They're Rising Again) - Chart of the Day