07/25/18 08:52 AM EDT

CHART OF THE DAY: Consensus Is Poorly Positioned

Keith McCullough

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

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