Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here for more info on how you can subscribe get a step ahead of consensus.
Got, hashtag, #Deflation?
Yep, ask the authors of that call when we think the risk doesn’t remain. We’ve been making this call for over 15 months now. Whether it’s signaling an immediate-term TRADE overbought signal within a long-term bearish TAIL risk or updating the data itself, we’ve had your back.
- Swiss Producer Price (PPI) #Deflation was -6.8% y/y in SEP (yes, that’s why they have negative bond yields)