Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
The Stag in the #LateCycle USA Stagflation came right on time via Down Dollar and Accelerating Commodity Prices:
Not yet long Oil, Energy Stocks, or Cocoa (NIB)? Cocoa prices inflated another +1.5% last week and are +18.3% year-over-year. It won’t take long for the non-quants to start chasing what our subscribers have been buying on dips for the last 2 months.