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The Call @ Hedgeye | March 19, 2024

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. 

A Simple Visual of U.S. Growth Accelerating - 10.18.17 EL Chart

The US Treasury 2-year yield ripped to a multi-year high of +1.56% yesterday.

Oh boy. Could that last market price be telling us something we should already know? Mr. Macro Market was quite efficient in flipping back to “hawkish” when both growth and inflation were #accelerating at the same time in September.

As you can see in today’s Chart of The Day (a 2 year chart of the UST 2 year Yield): 

A) When both growth and inflation are accelerating at the same time (NOV-MAR and SEP-OCT)
B) Our data driven Macro Risk Management #Process recognizes this as a “Quad 2” situation (Growth and Inflation accelerating)… and
C) So does the Federal Reserve, on a lag, to readily available public growth and inflation information

Cool. “So when does this end?”

(Click here to learn more about the Early Look.)

A Simple Visual of U.S. Growth Accelerating - rickards live OCT 17