CHART OF THE DAY: US Consumer? → Slowing

11/25/19 07:28AM EST

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

CHART OF THE DAY: US Consumer? → Slowing - 11 25 2019 7 56 17 AM

As we’ve reminded you since making our US #InflationAccelerating call at the beginning of October, this is classic late-cycle #Quad3 Stagflation in the USA… and the US consumer doesn’t like that. That’s why XLY and AMZN have been making lower-highs since July.

CHART OF THE DAY: US Consumer? → Slowing - Chart of the Day

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.