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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. 


"... So, we’ll do that for the next few days as Sheep Herder In Chief, Janet Yellen, descends from upon high to explain to both the House and Senate committees how she didn’t mean to skin the stock market.


While it will be fascinating to watch Yellen pivot from where she was last time she testified (forecasting economic acceleration, “transitory” #Deflation, and rate hikes), I’d hate to see another Democrat resort to peddling another round of “economic fiction.”

CHART OF THE DAY: Dear Janet, Is Deflation Still Transitory? - 02.10.16 chart