03/14/19 08:10 AM EDT

CHART OF THE DAY: Profits Peaked When GDP & CPI Cycles Peaked

Keith McCullough

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

If GDP, inflation, and profits didn’t slow (never mind cutting both the growth rate of INFLATION and PROFITS in HALF from their respective cycle peaks), why did the Fed go dovish?

CHART OF THE DAY: Profits Peaked When GDP & CPI Cycles Peaked

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