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.
"... Let’s review an example of something Trump might call you-ge! in Macro for the last 3 years – being The Bear in Commodities:
- CRB Commodities Index (19 commodities) was between 300 and 310 in both Q1 of 2013 and 2014
- After multiple chart chases, the CRB Index got cut in HALF by the low we just saw in Q1 of 2016
- At 155 on February 11th, 2016, the CRB Index hit a 3yr low
Then it “bounced”, for a month… and we’re back in a commodity bull market? #Cool."