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

"... What you may not know is that if the data continues to TREND bearish (on both growth and inflation), you’ll see both the slowest year-over-year GDP and S&P profit growth of the cycle in the 1st half of 2016.


Sure, there are plenty of buy-siders who agree with us on this. And they will continue to make money on that. But what about those who didn’t believe there would be something like a credit-cycle alongside this? Shall they all just “bar investor withdrawals”?"

CHART OF THE DAY: What If The Data Continues To Trend Bearish? - 12.14.15 chart