Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough.
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And winning is what Auerbach’s teams did. They won 9 NBA Championships in 10 years while he was the Head Coach. If US GDP stays where it’s at as of Friday’s data, that will be a record 9 consecutive quarters of US #GrowthAccelerating... ...The aforementioned point about US GDP is that our predictive tracking algo ticked up to +2.95% year-over-year and +3.04% q/q SAAR for Q318 as of Friday’s Retail Sales and Industrial Production data. It’ll be a data point dog fight for the final basis point countdown on whether Q3 can beat the +2.90% year-over-year Q218 print. Sequentially, the 3.04% is obviously lower than Q2’s +4.2%. US Growth Bulls have been smoking the stogies for 2 years now. |
