• Global ‘Black Hole’ Risk Rising: A Discussion With Danielle DiMartino Booth

    Former Fed advisor Danielle DiMartino Booth will discuss key economic developments and the outlook for Fed rate cuts with Hedgeye CEO Keith McCullough.

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

CHART OF THE DAY: US #EarningSlowing - z43

We don’t care about someone’s opinion on something being a “good or bad” quarter; we care about accelerations and decelerations...

...The ROC of Financials PROFITS peaked in Q3 of 2018 because that’s when US GROWTH and INFLATION peaked. Period. 

Yeah, the stocks bounced from #oversold lows in late December, but ultimately the stocks were discounting the beginning of #EarningsSlowing and probably won’t stop doing so until they have to lap their #PeakCycle +30.6% y/y growth rate. 

So even if you call them “cheap” I’m staying short these suckers

CHART OF THE DAY: US #EarningSlowing - Chart of the Day