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Editor's Note: Below is a chart and excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

CHART OF THE DAY | USD: Risk Managing the Quad4 Peak - zsd

"Yes, it’s true that as the Fed realizes @Hedgeye’s nowcast for both US GROWTH and INFLATION slowing, you should set up for a USD topping process and some asset price reflation. But it’s also true that that’s not a perpetuity. The rest of the world is in a competitive currency devaluation war too."

CHART OF THE DAY | USD: Risk Managing the Quad4 Peak -  USD CoD