CHART OF THE DAY: Are You Short Global Cyclicals?
Editor's Note: Below is a chart and excerpt from today's Early Look written by Hedgeye Senior Macro Analyst Darius Dale.
Drawing from the Mandelbrot quote above, this morning’s European economic data led me down a rabbit hole of analyzing, quantifying, and manipulating repeatable patterns that have been developing since Germany released its November Industrial Production statistics on Tuesday:
Thoughts (to myself):
- “Hmm. All of the major economies in Europe have crashing/negative Industrial Production growth.”
Questions (to myself):
- “Does this matter?”
- “What is the likelihood that this pattern develops into a trend?”
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