Editor's Note: The chart and excerpt below are from today's Early Look written by Hedgeye U.S. Macro Analyst Christian Drake.
The Chart of the Day below is a mainstay in our Macro deck. The highlighted annotation on the side represents most of what I care about. That is, the model gets the slope of the line right ~90% of the time. That doesn’t mean we’ll get a hit every time, but it does mean we’ll be consistently taking high probability swings at pitches over the plate …which is the whole point of risk managed decision making. |
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