CHART OF THE DAY: Retail Isn't Bearish Enough

05/22/20 07:39AM EDT

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

We continue to have the most accurate longer-term view of both the US and Global economic cycles out of anyone you read for shorter-term updates. It’s uniquely multi-duration research that has no FOMO or feelings about what the Old Wall needs to hear.

I’m one of the few who has built an Independent Research firm that works for both Wall Street and Main Street, don’t forget.

In another excellent (and well-timed – she published it in 2007) book you should all read, The Forgotten Man, Amity Schlaes analyzed the Great Depression from a free-market history perspective.

*hint: she blames Big Government Intervention by Hoover and FDR for perpetuating the Depression.

Oh, I know. That’s just way, way, way too long-term for anyone to actually care to consider right now. This time is different. What are the FOMO Futures up/down NOW???

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