Below is a chart and brief excerpts from today's Early Look written by Hedgeye CEO Keith McCullough.
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Post Friday’s US Jobs #GrowthSlowing report (to a new cycle low of +1.40% year-over-year NFP growth), our predictive tracking algo for US headline GDP growth slowed to +0.03% for Q4 of 2019. No, that’s not a typo. It’s consistent with the broad-based negative rate of change data that was publicly released throughout Q4. It was Presidential prophecy about the economy that may have distracted you from realizing that. It’s the art of the deal! |
