Editor's Note: Below is a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more about the Early Look.
Since the ROC (rate of change) of the economic data is predictively tracked by our algorithms, daily, there’s rarely any confusion on @Hedgeye TRENDs there. Market signals can front-run the data we don’t see, however – so I’m always on watch for those. If the following wasn’t happening on a down week for US stocks:
I’d be more sympathetic to the general “but what if… stocks only go up” line of questioning that has been populating my inbox as short-term performance pressures on Portfolio Managers mounts in month 1 of 2019. |