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.
Click to enlarge