Editor's Note: Below is a chart (and excerpt) from today's Early Look written by Hedgeye CEO Keith McCullough.
Since the Macro Tourism industry on the Old Wall continues to boom, it’s hard for PMs who don’t do macro to have a rate of change view of The Cycle and its base effects (year-over-year comparisons). That’s a good thing. Capitalize on it.
As a simple reminder on Global Base Effects and why the ROC (rate of change) data continues to be rancid this morning ... China’s steepest 2-year base effects for 2ndary Industries are in the 1st half of 2019
...I know, I know. We’re supposed to be talking about China and why US Earnings Season, the Credit Cycle, etc. doesn’t matter as long as we get some “optimistic” tweets about meetings on “trade”…