Editor's Note: Below is a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more about the Early Look

Predicting US GDP - 09.29.17 EL Chart

Despite our predictive tracking algorithm ticking up earlier this week on a strong US Durable Goods report:

A) This morning, it ticks down 3 basis points post the Q2 GDP report to 3.50% quarter-over-quarter and…     
B) As you can see in the Chart of The Day, that’s really a +2.40% year-over-year forecast @Hedgeye 

Looking at that chart of the Hedgeye forecasts in the out quarters, you can also see that we eventually get to a 3% handle in Q1 of 2018. By that time, however, Mr. Market might not be so relentless in ramping growth bears after every dip.

Predicting US GDP - early look