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

Our Quad Maps crushed whatever people thought Argentina’s economy could/should be coming out of the 2017 top in Emerging Markets. We’ll let you know if/when that changes.

That’s the tough part about breaking the back of the US Dollar Index and/or getting the Trade Weighted US Dollar (see Chart of The Day) off a 20-year high. We still have major emerging market countries (like China) #slowing, and their currencies are weak in kind.

CHART OF THE DAY: Bad Things Happen If Fed Isn't Dovish Enough  - Chart of the Day

CHART OF THE DAY: Bad Things Happen If Fed Isn't Dovish Enough  - early look