On today's Macro Overlay, Hedgeye CEO Keith McCullough provides an update on our bullish outlook for the U.S. economy. While bulls and bears alike continue to hang their hats on what President Donald Trump's policies might mean for the U.S. economy, we're simply measuring and mapping the economic cycle to help guide us.
As McCullough explains:
"The bull case is not Trump. It's more about the data. All the things that happen with Trump might be incidental – they might improve the bull case – but that's not where our process is grounded. It's grounded by U.S. growth, inflation and profits."
On that front, McCullough discusses why this week's Consumer Confidence, ISM Manufacturing and Earnings Season data all bolstered our GDP forecast for 2017.
As always, McCullough discusses how each of the sixteen names currently on Investing Ideas fits into our broader thesis on U.S. #GrowthAccelerating.
