Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
What I do know is what both Chinese markets and incoming economic market data are signaling every macro morning. On this AM’s data:
A) > 50 and Accelerating: France Manufacturing (50.5), France Services (52.9), France Composite (52.6), Eurozone Services (51.8), Eurozone Composite (50.2)
Hashtag “so you’re saying there’s a chance” for green shoots in France… and also an ongoing and broadening slow-down in Asia?
Yep. And tomorrow morning, instead of listening to a CEO paint blue-skies for me on an outlook he’s had wrong for a year now, I’ll do the same thing I did this morning. And then again, and again … and again.