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Below is a brief excerpt transcribed from Tuesday's edition of The Macro Show hosted by Hedgeye CEO Keith McCullough

McCullough: China And The U.S. Are In Different Quads  - 9 15 2020 11 34 50 AM

What could the market be seeing today? If you take the fractal dimension of a rising Dollar with no more lower lows, along with breaking down in Tech, you should know that isn’t a correction. That’s a mother of a draw-down.

What if Tech has its next leg down on another Dollar up move? What would that be signaling? The same thing we’ve signaled before: the rising probability of Quad 4 in Q4.

That’s all it is. Don’t forget globally that the U.S. is different than China.

China popped up economic data this morning and they are in the right Quad in Q3.

Feel free to buy “stahks” in China. You won't hear that from CNBC's Joe Kernen when he’s bloviating politically on CNBC.

McCullough: China And The U.S. Are In Different Quads  - 9 15 2020 10 44 01 AM

But you will hear it from us. And you see the signal every time I tell you. Our process works. Since June when we made the call until today, you can see Chinese stocks are up. They were up again overnight.

Look at this thing of beauty.

McCullough: China And The U.S. Are In Different Quads  - 9 15 2020 12 40 00 PM

This looks a lot like the inverse of the dollar or some sort of commodity chart. I do think that a rising U.S. Dollar would hurt this.

What you are beginning to see is the difference and divergences globally in the Quads, versus tectonic shifts in the fractal plates locally in the USA.

Pay attention.