Editor's Note: The chart and brief excerpt below are from today's Early Look written by Hedgeye CEO Keith McCullough.
China’s Bullish @Hedgeye TREND signal A) isn’t new and B) hasn’t been confirmed yet by a TRENDING acceleration in China’s economic data. That said, our GIP Model has China going from Quad 4 (for the last 2 quarters) into Quad 2 in Q2.
Is that why China’s PMI #accelerating from its Quad 4 cycle lows to 50.5 in MAR is generating so much excitement this morning. Will it trend? We’ll have to see. As always, we’ll remain data dependent instead of dreaming on that front.