Cartoon of the Day: Fed Day

Hedgeye CEO Keith McCullough wrote in this morning's Early Look:

 

"... On cyclical stuff that has been crashing for 1-3 years, we’re “off the lows”, bros! And the Fed is going to be hawkish about that on Wednesday because:

 

1. Deflation In Commodities has had another short-term “reflation” (isn’t that “transitory” btw?)
2. Late Cycle Employment reports (while slowing in rate of change terms) are still “good”