Watch or read any Old Wall news report, and you would think that “tariffs” and “trade war” are the only thing that matters to markets.
Our subscribers know that markets move on much more than one factor. Hedgeye CEO Keith McCullough explains in the clip above that while we certainly pay attention to tariffs, it’s merely one of many data points we measure every day in our proprietary modeling of the U.S. GDP forecast.
“If you think the data is going to get worse the next day, the next week or the next month, we have an answer for you every single day,” McCullough explains in the clip above from a recent edition of The Macro Show.
“Remember when we had tax reform? People thought [US economic growth] was crazy and it couldn’t continue. Well, it continued for a whole five or six more quarters after that. All we did was stay with the same process we had on the upside that we’ll measure and map on the downside.”
Watch the full clip above for more.