"This has been a nice win. Booking the gain and will revisit again when the signal suggests I should," writes Hedgeye CEO Keith McCullough. "For the 1st time it’s signaling a series of higher-lows. That’s how bearish to bullish TREND reversals start. This is a PM (not a research) call."
The Hedgeye Macro team's outlook confirms this immediate-term signal too. Our predictive tracking algorithm estimates this Friday's U.S. GDP report will be +2.91% q/q.
