CHART OF THE DAY: Synchronized Global Recovery? #Over

As you can see in today’s Chart of The Day (slide 68 in the Hedgeye Macro Themes deck), the #1 reason why the US Dollar has been breaking out to Bullish @Hedgeye TREND for the last 2 months, is that China, Europe, and most of EM (Emerging Markets) have moved into Quads 3 and 4. 

For those of you who are new to dispassionate and data-driven rate of change #process: 

1. Quad 1 and Quad 2 is when GROWTH (as a major factor exposure) is #accelerating
2. Quad 3 and Quad 4 is when GROWTH is #decelerating