Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
|
China “deal” or not, a pervasively #StrongDollar is what you get when you have both US and Global #GrowthSlowing. This will continue to be a major headwind for SP500 profits in the coming quarters. USD has been Bullish TREND @Hedgeye since APR 2018. Not to ask obvious questions when consensus is chasing the same catalyst, but we’re going to have to see a heck of a reversal in Global Demand (GDP Growth) to confirm some of these short-term market moves. |
