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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 learn more. 

"... While I shall not love (or hate) stocks, one thing I thoroughly enjoy is fading what has become an epic “Hedge Fund” consensus. As you can see in today’s Chart of The Day (slide 18 in the Macro Deck), there is a raging #Recession in Contrarian Thinking."

CHART OF THE DAY: A #Recession In Contrarian Thinking - 01.06.16 EL chart