CHART OF THE DAY: "Hockey-Sticking Housing Cycle"

09/27/19 08:02AM EDT

  Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.

The other new economic truth about US Housing came in yesterday’s US Pending Home Sales report. Wait for it … the ROC (rate of change) #accelerated to a 41-month high of +2.5% year-over-year growth!

And if you have friends who want to (read: have to) stay long “Secular Grower” Software (IGV) stocks (i.e. companies that have never seen a cycle) into SALES and EPS #slowing when they can be long a hockey-sticking housing cycle? Let them eat TAM.

CHART OF THE DAY: "Hockey-Sticking Housing Cycle" - Chart of the Day

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