Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
|
After missing both #PeakCycle and #GrowthSlowing, I guess the “re-opening” bulls who are chasing FOMO this morning are thinking we’re onto the next economic cycle? I really don’t know what they’re thinking, and I particularly don’t care. I know, who cares about all of the line items in my notebook when Goldman can tell you a story that negative earnings, debts, etc. don’t matter anymore and you just need to buy stocks? Heck, especially if you’re “feeling” it, I say you go for it this morning and chase! For my money, it was a lot harder making a SELL the FOMO call 2 months ago than it is this morning. Today’s call is relatively easy to make. |
