Takeaway: As US economic data rolls off its cycle peak, it's worth pondering whether the Fed can smooth economic gravity. Spoiler alert! It can't.

Still Bullish? All-Time Highs, Mapping The Cycle & Fed Bending Economic Gravity - The Cycle cartoon 03.04.2016

86 months...

That's the current length of this U.S. economic expansion. (The chart below is from our 99-page Q3 2016 Macro Themes deck.)

Quick question: Are you buying all-time highs in U.S. equities as our economy marches on into the fourth longest expansion in U.S. history?

Still Bullish? All-Time Highs, Mapping The Cycle & Fed Bending Economic Gravity - history of cycles 

After pondering that question for a bit...

Watch the following video in which Hedgeye CEO Keith McCullough lays out the timeline of our current economic cycle showing the peaks in corporate profits, employment growth, consumer confidence, equity markets and M&A.

Still bullish?