"A Fed rate hike ensures a depression of a year for Commodity and Emerging Market bulls," wrote Hedgeye CEO Keith McCullough this morning.
Here are three charts he's highlighting.
"Oil: Barely bouncing this morning post another -4.9% #Deflation last week to -25% YTD. Texas is going to love a rate hike."
"Strong Dollar #Deflation matters."
"Commodities: CRB Index -2.3% last wk to -16.9% YTD #Deflation."
