CHART OF THE DAY: Consensus Is Poorly Positioned

07/25/18 08:52AM EDT

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

So is it finally all “priced in”? Oh boy. The answer to that question doesn’t start with “valuation.” Markets don’t stop going up on valuation. Again, the answer starts with momentum in the rates of change in both top-down and bottom-up fundamental factors. 

CHART OF THE DAY: Consensus Is Poorly Positioned - Chart of the Day

CHART OF THE DAY: Consensus Is Poorly Positioned - early look

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.