Editor's Note: Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to subscribe and stay ahead of consensus.

...As you can see in today’s Chart of The Day (Long-term chart of Global Yields) China telling the “truth” (sort of) by their actions only confirms what long-term investors have had right on growth and inflation for a long time now – the slowing is secular.

CHART OF THE DAY: The Slowing ... It's Secular (Long-Term Chart of Global Yields)  - Chart of the Day