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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 couldn’t make this up if I tried, but…


A) A -13.2% YTD crash in GBP/USD to $1.27 has driven

B) A +13.3% rip to fresh YTD highs in the FTSE


“So”, you’re saying that, “because stocks are up”, UK economy is ripping, eh? Lol. If you didn’t know how to get your stock market “up” as the economy is traversing its peak cycle compares, now you know. Devalue your currency, relentlessly."

CHART OF THE DAY | Central Planning 101: Devalue Your Currency, Relentlessly - El COD 100416