CHART OF THE DAY: ISM Services

06/07/18 08:33AM EDT

 Editor's Note: Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn how to subscribe.

On the heels of #accelerating US Consumption, Jobs and ISM Services reports, here’s the real-time update from our proprietary US GDP predictive tracking algorithm:

  1. Our year-over-year nowcast for Q218 ticked up to +2.82%
  2. That imputes a headline Q2 GDP (q/q SAAR) nowcast of +3.03%  

CHART OF THE DAY: ISM Services - 06.07.18 EL Chart

CHART OF THE DAY: ISM Services - early look

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