• Webcast: The Massive Tectonic Shifts in the Global Economy

    Trendspotting investment strategist and former WH economic advisor Pippa Malmgren talks markets and geopolitics with Keith McCullough

Editor's Note: Below is a chart and excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

If you have a dynamic and data dependent #process like mine (fundamental research combined with quantitative risk management signals), your views should change if either:

A)     The fundamental growth, inflation, and/or profit cycle data changes … or
B)      Market PRICE, VOLUME, and VOLATILITY signals change

...So, the answer to The Question is that something big was already changing in my views… and then something else changed, abruptly, within 3 hours of trading into the close on a previously held view

CHART OF THE DAY: Key Quantitative Levels $SPX - 02.09.18 EL Chart