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.
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Essentially, that’s the point about our USA #PeakCycle Theme. In the US, it’s an open question how long late-cycle can last. In Europe, there’s a sea of red in rate-of-change data (Services PMIs) again this morning that makes seeing Europe’s 2017 cycle peak easier. That’s the thing about peaks. Whether you are looking back at them in either a time-series of economic data or in a stock market chart, they become clearer as time goes by. |
