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Cartoon of the Day: Devil In Disguise - 10.18.2018 Q4 devil cartoon

Below is one of our 4Q18 Macro Themes:

  • #Quad4: After a likely nine consecutive quarters of accelerating economic growth domestically, investor consensus is positioned for the so called “fiscal impulse” to perpetuate further upside. Unfortunately for new-wave U.S. equity and credit bulls, our proprietary GIP Model is suggesting the now-record acceleration in U.S. growth (and inflation) that we prospectively and accurately identified two years ago is coming to an abrupt end. 

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Cartoon of the Day: Devil In Disguise - cartoon of the day