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

CHART OF THE DAY: Insane Expectations - JvFFVmatwWHRriq5CFhqCyMZCGqfR8vYp8zR6YqG2txWRmisY8SDRsvgyCgtKsAP1ay3tCfXQo28mSGTNP83FwXYHRSNeQ1F7kH2eEYHkaYnwSLuViSyELiwidZncn8FTyPAjmJE3x  3

Alongside the President of the United States tweeting in ALL CAPS how BIG and HUGE this “deal” is going to be for his farmer votes, how crazy are Wall Street expectations?

A) Today’s Chart of The Day shows you Old Wall consensus is looking for EPS to be +3% …
B) Then +4.4%, then straight up, to a massively huge +13.9% year-over-year

And people wonder why there’s deflation in sell-side compensation.

But, but, if you “back out Boeing”… and exclude #GrowthSlowing, Margins Compressing, Profits Declining, and Cycle High Valuations, #AllGood

CHART OF THE DAY: Insane Expectations - EPS CoD