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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.

"... If the US economy was even half as “good” as the bulls would lead you to believe, the Fed would be raising rates and the US Dollar would be ripping higher (as opposed to closing -1.8% lower last week to -4.1% YTD).

 

The reason why both stocks and long-term Treasury bonds are rallying in sync right now is the same reason they always do when the market is begging for the Fed to replace what is disappointing economic growth with the illusion of growth (inflation)."

CHART OF THE DAY: Why Stocks & Long-Term Treasury Bonds Are Rallying - 04.04.16 chart