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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.

"... I have been very serious about #GrowthSlowing for almost a year now. And guess what? It continues to slow.

 

After I saw yesterday’s recessionary US Industrial Production report for May of -1.4% year-over-year, being long stocks into the Fed going dovish (again), I knew I was getting too cute. So I sold into strength. I don’t like playing from a position of weakness."

CHART OF THE DAY: This Economic Indicator Has Been Negative For 9 Straight Months - 06.16.16 chart