Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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We’ll be buying the damn dips in certain European Equity markets on our marginal #Quad2 nowcast, but that’s not our “highest conviction” idea. It’s just a better idea than chasing the idea that Chinese Industrial and Secondary Industry demand/growth has “bottomed.” Our highest conviction position is that US and Chinese #InflationAccelerating are going to continue to perpetuate #Quad3 Stagflationary economic conditions which should continue to pressure corporate profit margins. |
