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Editor's Note: Below is a chart (and excerpt) from today's Early Look written by Hedgeye Senior Macro analyst Darius Dale.

CHART OF THE DAY: More #Quad4 Confirmation - zsss

After peaking at rates just south of 6% in recent months, both the Retail Sales Control Group (#2 factor) and Industrial Production (#1 factor) are highly likely to print their first 3-handle YoY growth rates for the first time since JAN ’18 and JUN ’18, respectively. 

More #Quad4 confirmation is probably not what you want to hear this morning, but we investors are tasked with playing the game that’s in front of us – not the one we wish we were still playing (i.e. the nine consecutive quarters of Quads 1 & 2 that ended in 3Q). You don’t get mad at the weatherman for telling you it’s going to keep raining. You just remember to grab an umbrella on your way out the door instead 

CHART OF THE DAY: More #Quad4 Confirmation - Chart of the Day