Below is an excerpt from today's Early Look written by Hedgeye CEO Keith McCullough:
...I know the establishment doesn’t want me to inspire change or give them a speech. There’s no compensation scheme for them in that. Back to what most people want – what to do with this mess of market forecasts and expectations?
- GROWTH – the Fed is going to be wrong on 2H forecasts (again), but just cut their 2016 GDP to a range of 2.2-2.6%
- INFLATION – the Fed’s PCE forecast of 0.3-0.5% for 2015 implies no rate hike in DEC
No hike in DEC?