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CHART OF THE DAY: Tops = Processes, ≠ Points

Keith McCullough

Editor's Note: Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here for more info.

Quad 2 is where bond yields rise and Financials (XLF) outperform while bonds and their proxies underperform. Quad2 in Q2 is obviously old news now. But it will be really Old Wall news come Friday when we get the Q2 US GDP report! 

*our predictive tracking algo has US GDP at a #PeakCycle forecast of +2.95% year-over-year and +3.73% q/q SAAR (headline) ...

...We’ve been saying this for 7 months and I’ll say it again this morning: as the rest of the world’s real GDP growth slows relative to the USA’s, the US Dollar wins in a bigger and bigger way. 

CHART OF THE DAY: Tops = Processes, ≠ Points - Chart of the Day

CHART OF THE DAY: Tops = Processes, ≠ Points - early look

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