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

As you can see in today’s Chart of The Day, the #1 reason why China continues to slow is that the Chinese have to “comp” (or lap the base effects of) the BIGGEST STIMULUS IN THE HISTORY OF CHINA (i.e. the 2016 stimulus that got Xi elected for life).

So… it’s either going to be:

CHART OF THE DAY: The #1 Reason China Continues to Slow - chart of the day