CHART OF THE DAY: #Quad3 Stagflation Is All The Rage

12/16/19 07:35AM EST

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

CHART OF THE DAY: #Quad3 Stagflation Is All The Rage - 12 16 2019 7 48 38 AM

Conviction in #Quad3? That only goes up with A) Inflation Accelerating for all of December and B) hard economic data (like the control group for US Retail Sales #slowing to a 7 month low on Friday) #slowing.

With consensus buying what they shouldn’t in #Quad3 (Small Cap Stocks) and selling what they shouldn’t (Treasuries and REITS), our headline GDP Nowcast for Q419 just #slowed (again) to 0.36%. 

CHART OF THE DAY: #Quad3 Stagflation Is All The Rage - Chart of the Day

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