CHART OF THE DAY: We Continue To Be On The Other Side Of The Bundesbank

Editor's Note: The chart and excerpt below are from this morning's Early Look which was written by Hedgeye analyst Matt Hedrick. Click here for more information on how you can subscribe.

...While the Bundesbank’s recent monthly report highlights a few shoots of positive economic indicators in Germany, we continue to be on the other side, signaling declines in rate of changes terms of our high frequency gauges, with our proprietary GIP (growth, inflation, policy) model signaling that Germany will enter the ugly Quad 3 in 4Q15, equating to growth slowing as reported inflation accelerates (or stagflation).

CHART OF THE DAY: We Continue To Be On The Other Side Of The Bundesbank - z cod hed GERMANY