Editor's Note: This is an excerpt from today's Early Look by Hedgeye CEO Keith McCullough.

The “Globally Synchronized Recovery” that consensus sees is mostly rear-view now. To summarize our forecasts heading into the 1st half of 2018:

A)     Our view on US GDP growth remains higher than consensus

B)      Our view on Global GDP growth is heading lower than consensus 

CHART OF THE DAY: Divergences  - DD Chart of the Day