Hedgeye CEO Keith McCullough is hosting an institutional call on our Quarterly Macro Themes. The presentation will detail the three most important macro trends we have identified for the quarter and the associated investment implications. The call will take place today, Thursday, April 6th at 11am ET. Email firstname.lastname@example.org for more information.
The slide-deck is 76 slides long, so there’s plenty of economic and market context to consider. Our Top 3 Global Macro Themes for Q2 of 2017 are as follows:
1. USA, USA #Quad1
After calling for a positive inflection in both growth and inflation in November 2016, we expect to see the US economy (and asset allocations) transition to what our GIP (Growth, Inflation, Policy) Model called the 1st Quadrant (#Quad1) where inflation slows, sequentially, and real GDP growth accelerates in kind.
2. Reflation’s Rollover
In our Q1 Macro Themes presentation we made the case for both the Reflation Trade and headline reported inflation to peak on top of the easiest compares of the year. The CRB Index, Crude Oil, Break-even inflation rates, etc. have all put in their respective peaks – so now we’ll roll with the rollover call
3. Europe/Japan #Divergences
Contrary to our positive outlook for the US economy, our GIP Model is forecasting a negative inflection in both European and Japanese growth here in Q2 that should trend for at least the next 3-6 months
Ping email@example.com for more information. Please note if you are not a current subscriber to our institutional research there will be a fee associated with this call.
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